Kinder Morgan, Inc. $KMI Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 656,826 shares of the pipeline company’s stock after selling 106,225 shares during the period. Commonwealth Equity Services LLC’s holdings in Kinder Morgan were worth $18,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMI. Earned Wealth Advisors LLC acquired a new position in Kinder Morgan in the third quarter valued at about $267,000. Trust Co. of Oklahoma raised its stake in shares of Kinder Morgan by 2.7% in the 3rd quarter. Trust Co. of Oklahoma now owns 36,830 shares of the pipeline company’s stock valued at $1,043,000 after acquiring an additional 958 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Kinder Morgan by 1.5% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 71,490 shares of the pipeline company’s stock worth $2,024,000 after acquiring an additional 1,070 shares during the last quarter. Community Financial Services Group LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $1,683,000. Finally, Global Retirement Partners LLC increased its holdings in Kinder Morgan by 19.4% in the 3rd quarter. Global Retirement Partners LLC now owns 38,401 shares of the pipeline company’s stock valued at $1,087,000 after purchasing an additional 6,240 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 0.5%

KMI stock opened at $27.14 on Friday. The company’s 50 day moving average price is $26.97 and its 200 day moving average price is $27.26. The firm has a market capitalization of $60.37 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.25 and a beta of 0.69. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. 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 (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research reports. Morgan Stanley set a $29.00 price target on Kinder Morgan in a research note on Tuesday, December 23rd. Royal Bank Of Canada increased their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Scotiabank cut their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Finally, BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 3,800 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $26.23 per share, with a total value of $99,674.00. Following the transaction, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. The trade was a 10.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the sale, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. 12.73% of the stock is owned by insiders.

Kinder Morgan Company 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.