M&T Bank Corp Cuts Position in Kinder Morgan, Inc. $KMI

M&T Bank Corp decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 28.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,939 shares of the pipeline company’s stock after selling 50,099 shares during the period. M&T Bank Corp’s holdings in Kinder Morgan were worth $3,643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at approximately $26,000. Cranbrook Wealth Management LLC increased its stake in Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 562 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Kinder Morgan during the second quarter worth $34,000. Addison Advisors LLC raised its holdings in Kinder Morgan by 41.2% during the second quarter. Addison Advisors LLC now owns 1,655 shares of the pipeline company’s stock worth $49,000 after purchasing an additional 483 shares during the last quarter. Finally, Graney & King LLC boosted its position in Kinder Morgan by 103.7% during the first quarter. Graney & King LLC now owns 1,670 shares of the pipeline company’s stock worth $48,000 after purchasing an additional 850 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.84 on Friday. The stock has a market capitalization of $61.94 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.39 and a beta of 0.67. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49. The firm’s 50-day moving average is $27.09 and its two-hundred day moving average is $27.40.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts predict 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 issued a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis bought 3,800 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This trade represents a 10.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the transaction, the vice president owned 213,536 shares in the company, valued at $5,765,472. This trade represents a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. Company insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KMI shares. Scotiabank cut 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. Jefferies Financial Group began coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 target price for the company. Mizuho reduced their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada lifted their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $31.33.

Kinder Morgan 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.