AE Wealth Management LLC Sells 4,175 Shares of Kinder Morgan, Inc. $KMI

AE Wealth Management LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 9.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,789 shares of the pipeline company’s stock after selling 4,175 shares during the period. AE Wealth Management LLC’s holdings in Kinder Morgan were worth $1,199,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Westwood Holdings Group Inc. boosted its holdings in shares of Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after buying an additional 794,388 shares during the period. Burney Co. grew its holdings in Kinder Morgan by 133.5% during the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock worth $12,612,000 after purchasing an additional 252,736 shares during the period. Aberdeen Group plc lifted its holdings in Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after purchasing an additional 609,748 shares during the last quarter. Nordea Investment Management AB grew its stake in Kinder Morgan by 9.9% in the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after buying an additional 13,150 shares during the last quarter. Finally, Eagle Global Advisors LLC lifted its holdings in Kinder Morgan by 15.6% during the 1st quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock worth $29,000,000 after purchasing an additional 137,030 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on KMI. Jefferies Financial Group began coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price objective on the stock. Scotiabank decreased 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research note on Thursday, October 9th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.19.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.03 on Thursday. The business’s 50-day moving average price is $27.18 and its two-hundred day moving average price is $27.42. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The stock has a market cap of $60.14 billion, a P/E ratio of 22.16, a PEG ratio of 3.01 and a beta of 0.77. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (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 analyst estimates of $3.98 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be 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 is Monday, November 3rd. Kinder Morgan’s payout ratio is 95.90%.

Insider Buying and Selling at Kinder Morgan

In other news, Chairman Richard D. Kinder purchased 1,000,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was acquired at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the purchase, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis bought 3,800 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director directly owned 39,051 shares in the company, valued at $1,024,307.73. This trade represents a 10.78% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. Company insiders own 12.73% of the company’s stock.

Kinder Morgan 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.