SG Americas Securities LLC Cuts Stock Holdings in Kinder Morgan, Inc. $KMI

SG Americas Securities LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 52.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 93,980 shares of the pipeline company’s stock after selling 104,401 shares during the period. SG Americas Securities LLC’s holdings in Kinder Morgan were worth $2,763,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Kinder Morgan by 0.6% in the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after buying an additional 1,302,794 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kinder Morgan by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock worth $1,518,195,000 after acquiring an additional 599,152 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after purchasing an additional 5,529,065 shares during the last quarter. Deutsche Bank AG boosted its position in Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock valued at $428,018,000 after purchasing an additional 290,653 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kinder Morgan by 19.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company’s stock valued at $380,145,000 after buying an additional 2,144,307 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Down 0.2%

Shares of KMI stock opened at $27.08 on Wednesday. The stock’s 50-day simple moving average is $27.22 and its 200-day simple moving average is $27.44. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. The firm has a market capitalization of $60.25 billion, a PE ratio of 22.20, a P/E/G ratio of 3.01 and a beta of 0.77. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue was up 12.1% 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 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMI. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research report on Thursday, October 9th. Royal Bank Of Canada boosted their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Scotiabank decreased their price target on 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. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Ten 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.19.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the transaction, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis purchased 3,800 shares of the business’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the transaction, the director directly owned 39,051 shares in the company, valued at $1,024,307.73. This trade represents a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. 12.73% of the stock is currently owned by corporate insiders.

About Kinder Morgan

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.