Kinder Morgan, Inc. $KMI Shares Sold by 111 Capital

111 Capital decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 52.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,039 shares of the pipeline company’s stock after selling 12,203 shares during the quarter. 111 Capital’s holdings in Kinder Morgan were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hennessy Advisors Inc. lifted its holdings in shares of Kinder Morgan by 0.6% during the 2nd quarter. Hennessy Advisors Inc. now owns 1,028,861 shares of the pipeline company’s stock valued at $30,249,000 after acquiring an additional 6,300 shares in the last quarter. Segment Wealth Management LLC lifted its holdings in Kinder Morgan by 6.7% in the 2nd quarter. Segment Wealth Management LLC now owns 37,031 shares of the pipeline company’s stock worth $1,089,000 after buying an additional 2,329 shares in the last quarter. Precedent Wealth Partners LLC lifted its holdings in Kinder Morgan by 10.4% in the 2nd quarter. Precedent Wealth Partners LLC now owns 76,841 shares of the pipeline company’s stock worth $2,259,000 after buying an additional 7,230 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Kinder Morgan by 9.0% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 82,185 shares of the pipeline company’s stock worth $2,416,000 after buying an additional 6,773 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in Kinder Morgan in the 2nd quarter worth $279,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president directly owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is owned by company insiders.

Kinder Morgan Price Performance

KMI opened at $27.93 on Tuesday. The company has a 50-day moving average of $27.28 and a 200-day moving average of $27.46. The company has a market capitalization of $62.06 billion, a P/E ratio of 22.89, a PEG ratio of 3.35 and a beta of 0.78. Kinder Morgan, Inc. has a 1-year low of $23.06 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Scotiabank cut their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Saturday, September 27th. TD Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, Morgan Stanley boosted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $31.25.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.