Sequoia Financial Advisors LLC Purchases 30,205 Shares of Kinder Morgan, Inc. $KMI

Sequoia Financial Advisors LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 15.1% in the third quarter, HoldingsChannel reports. The fund owned 230,110 shares of the pipeline company’s stock after buying an additional 30,205 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kinder Morgan were worth $6,514,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Kinder Morgan by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after purchasing an additional 3,070,609 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kinder Morgan by 1.2% in the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after buying an additional 599,152 shares in the last quarter. Norges Bank bought a new stake in shares of Kinder Morgan in the second quarter valued at approximately $1,162,802,000. Orbis Allan Gray Ltd grew its position in Kinder Morgan by 3.1% during the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after buying an additional 670,856 shares in the last quarter. Finally, Invesco Ltd. grew its position in Kinder Morgan by 2.8% during the second quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock worth $645,310,000 after buying an additional 603,197 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $27.93 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The stock has a market cap of $62.14 billion, a PE ratio of 22.89, a P/E/G ratio of 2.31 and a beta of 0.69. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The business’s 50-day moving average price is $27.12 and its two-hundred day moving average price is $27.19.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The company 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%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business 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. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis purchased 3,800 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction 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 in the company, valued at $5,531,097.96. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders purchased 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $507,462. Company insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on KMI. Morgan Stanley set a $29.00 target price on Kinder Morgan in a research report on Tuesday, December 23rd. Jefferies Financial Group dropped their price target on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, December 23rd. Scotiabank reiterated a “sector perform” rating and set a $29.00 price objective on shares of Kinder Morgan in a research note on Friday. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Finally, Mizuho cut their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.33.

About Kinder Morgan

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.