Burney Co. Has $5.70 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Burney Co. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 26.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,412 shares of the pipeline company’s stock after selling 73,145 shares during the quarter. Burney Co.’s holdings in Kinder Morgan were worth $5,702,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vise Technologies Inc. acquired a new stake in Kinder Morgan during the 2nd quarter valued at $1,713,000. Nordea Investment Management AB raised its position in shares of Kinder Morgan by 9.9% in the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after purchasing an additional 13,150 shares during the period. Rhumbline Advisers lifted its stake in shares of Kinder Morgan by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 3,928,534 shares of the pipeline company’s stock worth $115,499,000 after buying an additional 14,327 shares during the last quarter. NFC Investments LLC lifted its stake in shares of Kinder Morgan by 4.9% during the 2nd quarter. NFC Investments LLC now owns 226,644 shares of the pipeline company’s stock worth $6,663,000 after buying an additional 10,519 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Kinder Morgan by 6.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,169,231 shares of the pipeline company’s stock worth $34,375,000 after buying an additional 73,224 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $27.20 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The firm has a market cap of $60.52 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.38 and a beta of 0.67. The business’s fifty day moving average is $26.80 and its 200-day moving average is $27.28.

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, hitting the consensus estimate of $0.29. The business had revenue of $4.15 billion during 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%. Kinder Morgan’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was 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 approximately $5,766,959.70. The trade was a 2.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the acquisition, the chairman directly owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $511,655. Company insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMI. Jefferies Financial Group reduced their price objective on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, December 23rd. Royal Bank Of Canada lifted their price target on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Stifel Nicolaus upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Morgan Stanley set a $29.00 target price on Kinder Morgan in a report on Tuesday. Finally, Scotiabank reduced their target price 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. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

Kinder Morgan Profile

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.