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

Venturi Wealth Management LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 16.0% in the second quarter, Holdings Channel.com reports. The fund owned 10,972 shares of the pipeline company’s stock after selling 2,083 shares during the period. Venturi Wealth Management LLC’s holdings in Kinder Morgan were worth $323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC lifted its holdings in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 788 shares during the last quarter. JNBA Financial Advisors lifted its stake in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after buying an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC lifted its stake in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after buying an additional 562 shares in the last quarter. Grove Bank & Trust lifted its stake in Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,078 shares in the last quarter. Finally, Wolff Wiese Magana LLC purchased a new stake in Kinder Morgan during the second quarter valued at about $34,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis acquired 2,759 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This represents a 8.62% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,174 shares of company stock valued at $3,727,678 in the last ninety days. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Trading Down 1.5%

NYSE:KMI opened at $27.12 on Friday. The stock’s 50 day moving average price is $27.26 and its 200 day moving average price is $27.45. Kinder Morgan, Inc. has a 52 week low of $23.86 and a 52 week high of $31.48. The company has a market capitalization of $60.25 billion, a P/E ratio of 22.23, a P/E/G ratio of 3.24 and a beta of 0.78. 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 (NYSE:KMI) last released its quarterly earnings data 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 firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued 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 4.3%. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Wall Street Analyst Weigh In

KMI has been the subject of a number of analyst reports. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research note on Thursday. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. 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 research note on Monday, July 28th. Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a research report on Thursday. They issued a “hold” rating and a $30.00 price target for the company. Finally, Scotiabank reduced their price target on shares of 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. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.88.

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.