FORA Capital LLC Sells 115,565 Shares of Kinder Morgan, Inc. $KMI

FORA Capital LLC cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 48.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,277 shares of the pipeline company’s stock after selling 115,565 shares during the period. FORA Capital LLC’s holdings in Kinder Morgan were worth $3,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV grew its position in Kinder Morgan by 14.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock valued at $83,000 after acquiring an additional 357 shares during the last quarter. L.M. Kohn & Company increased its position in Kinder Morgan by 3.4% during the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 360 shares in the last quarter. Alhambra Investment Management LLC lifted its stake in Kinder Morgan by 2.3% in the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock valued at $468,000 after purchasing an additional 363 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its position in Kinder Morgan by 4.2% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after buying an additional 374 shares in the last quarter. Finally, QTR Family Wealth LLC boosted its position in Kinder Morgan by 2.7% in the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after buying an additional 377 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction 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 acquisition, the director owned 39,051 shares in the company, valued at approximately $1,024,307.73. The trade was a 10.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $27.81, for a total value of $171,476.46. Following the completion of the transaction, the vice president directly owned 207,370 shares of the company’s stock, valued at approximately $5,766,959.70. This trade represents a 2.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Down 0.4%

Shares of KMI stock opened at $26.72 on Friday. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year 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. The stock has a market cap of $59.45 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.35 and a beta of 0.67. The stock has a 50-day moving average of $26.95 and a 200-day moving average of $27.37.

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

Kinder Morgan Announces Dividend

The company 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. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KMI shares. Royal Bank Of Canada upped their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Mizuho lowered their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Morgan Stanley set a $30.00 price target on Kinder Morgan in a research note on Thursday, October 9th. Stifel Nicolaus upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.33.

Kinder Morgan Company 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.