Kinder Morgan, Inc. $KMI Shares Sold by Maridea Wealth Management LLC

Maridea Wealth Management LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 21.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,240 shares of the pipeline company’s stock after selling 3,418 shares during the quarter. Maridea Wealth Management LLC’s holdings in Kinder Morgan were worth $360,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KMI. Sierra Ocean LLC grew its stake in shares of 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 boosted its holdings in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 870 shares during the period. Cranbrook Wealth Management LLC grew 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 worth $31,000 after purchasing an additional 562 shares in the last quarter. Grove Bank & Trust increased its holdings in Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,078 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Kinder Morgan in the 1st quarter valued at about $35,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of KMI opened at $27.95 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 1-year low of $21.61 and a 1-year high of $31.48. The stock has a market cap of $62.10 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 3.26 and a beta of 0.81. The firm has a fifty day moving average price of $27.14 and a 200 day moving average price of $27.41.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business’s 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. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. Kinder Morgan’s payout ratio is currently 95.90%.

Insiders Place Their Bets

In other news, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMI. BMO Capital Markets assumed coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Stifel Nicolaus lifted 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. TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective on the stock. Barclays restated an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Morgan Stanley set a $32.00 target price on shares of Kinder Morgan in a research note on Thursday, September 18th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $31.06.

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.