US Bancorp DE Cuts Position in Kinder Morgan, Inc. $KMI

US Bancorp DE cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 10.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 241,697 shares of the pipeline company’s stock after selling 27,907 shares during the period. US Bancorp DE’s holdings in Kinder Morgan were worth $7,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC grew its position in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 788 shares in the last quarter. JNBA Financial Advisors grew its position in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 562 shares in the last quarter. Grove Bank & Trust grew its position in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Wolff Wiese Magana LLC purchased a new position in Kinder Morgan in the second quarter worth $34,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 2,759 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the purchase, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Insiders sold 134,174 shares of company stock valued at $3,727,678 over the last quarter. 12.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on KMI. Scotiabank lowered their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $30.88.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $27.12 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average of $27.26 and a 200-day moving average of $27.44. The firm has a market cap of $60.25 billion, a P/E ratio of 22.23, a P/E/G ratio of 3.19 and a beta of 0.78. Kinder Morgan, Inc. has a 1-year low of $23.86 and a 1-year high of $31.48.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is presently 95.90%.

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.