Vontobel Holding Ltd. Sells 19,463 Shares of Kinder Morgan, Inc. $KMI

Vontobel Holding Ltd. lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 29.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,933 shares of the pipeline company’s stock after selling 19,463 shares during the period. Vontobel Holding Ltd.’s holdings in Kinder Morgan were worth $1,300,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA bought a new stake in Kinder Morgan in the 2nd quarter valued at about $26,000. Cranbrook Wealth Management LLC increased its stake in Kinder Morgan by 116.1% during 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 shares of Kinder Morgan during the second quarter valued at about $34,000. CoreFirst Bank & Trust bought a new position in Kinder Morgan during the 2nd quarter valued at $35,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 2nd quarter valued at about $40,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KMI shares. UBS Group restated a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Royal Bank Of Canada boosted 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. Scotiabank decreased their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Morgan Stanley set a $29.00 target price on Kinder Morgan in a research note on Tuesday. Finally, Jefferies Financial Group reduced their price target on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, December 23rd. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Insider Activity

In other news, Chairman Richard D. Kinder purchased 1,000,000 shares of the stock in a transaction dated Monday, October 27th. The shares were purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This represents a 0.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $27.81, for a total transaction of $171,476.46. Following the completion of the transaction, the vice president owned 207,370 shares of the company’s stock, valued at $5,766,959.70. This trade represents a 2.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.20 on Friday. The firm’s 50 day moving average is $26.80 and its 200 day moving average is $27.28. The stock has a market capitalization of $60.52 billion, a P/E ratio of 22.30, a PEG ratio of 2.38 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 current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd 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 Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.