Valley National Advisers Inc. Trims Holdings in Kinder Morgan, Inc. $KMI

Valley National Advisers Inc. lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 91.3% in the third quarter, Holdings Channel reports. The institutional investor owned 8,151 shares of the pipeline company’s stock after selling 85,134 shares during the quarter. Valley National Advisers Inc.’s holdings in Kinder Morgan were worth $230,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Mizuho decreased their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Jefferies Financial Group reduced their price objective on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, December 23rd. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. UBS Group restated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. Finally, BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Chairman Richard D. Kinder purchased 1,000,000 shares of Kinder Morgan stock in a transaction on Monday, October 27th. The stock was bought at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the transaction, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. The trade was a 0.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy W. Chronis purchased 3,800 shares of the stock in a transaction dated Friday, October 31st. The shares were acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the acquisition, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 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. 12.73% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.20 on Monday. The firm has a fifty day moving average of $26.80 and a 200-day moving average of $27.28. The company has a market cap of $60.52 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 2.38 and a beta of 0.67. 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 1 year low of $23.94 and a 1 year high of $31.48.

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

Kinder Morgan Announces Dividend

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

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.