Kinder Morgan, Inc. $KMI Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 2.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 121,776 shares of the pipeline company’s stock after selling 3,551 shares during the period. Concurrent Investment Advisors LLC’s holdings in Kinder Morgan were worth $3,580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC raised its holdings in Kinder Morgan by 17.9% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 70,420 shares of the pipeline company’s stock valued at $2,070,000 after buying an additional 10,695 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in Kinder Morgan in the 2nd quarter valued at about $161,000. Applied Capital LLC FL raised its holdings in Kinder Morgan by 17.2% in the 2nd quarter. Applied Capital LLC FL now owns 14,954 shares of the pipeline company’s stock valued at $440,000 after buying an additional 2,193 shares during the period. Inspire Investing LLC raised its holdings in Kinder Morgan by 46.6% in the 2nd quarter. Inspire Investing LLC now owns 301,908 shares of the pipeline company’s stock valued at $8,876,000 after buying an additional 95,978 shares during the period. Finally, Drucker Wealth 3.0 LLC raised its holdings in Kinder Morgan by 352.2% in the 2nd quarter. Drucker Wealth 3.0 LLC now owns 33,783 shares of the pipeline company’s stock valued at $939,000 after buying an additional 26,313 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on KMI. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. TD Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. Jefferies Financial Group began coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target on the stock. Scotiabank cut their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Finally, Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $30.88.

Read Our Latest Analysis on KMI

Insider Activity

In related news, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Up 0.9%

KMI stock opened at $27.34 on Tuesday. The company’s 50 day moving average price is $27.24 and its 200 day moving average price is $27.43. 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, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The firm has a market capitalization of $60.74 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 3.19 and a beta of 0.78.

Kinder Morgan (NYSE:KMIGet Free Report) last released 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. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue 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. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Kinder Morgan Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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