Chickasaw Capital Management LLC Reduces Stock Position in Kinder Morgan, Inc. $KMI

Chickasaw Capital Management LLC decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 791,059 shares of the pipeline company’s stock after selling 23,079 shares during the quarter. Kinder Morgan comprises 0.9% of Chickasaw Capital Management LLC’s holdings, making the stock its 16th largest position. Chickasaw Capital Management LLC’s holdings in Kinder Morgan were worth $22,395,000 as of its most recent filing with the SEC.

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

Kinder Morgan Price Performance

KMI stock opened at $26.66 on Thursday. The business’s fifty day moving average price is $26.86 and its 200 day moving average price is $27.34. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $59.31 billion, a PE ratio of 21.85, a P/E/G ratio of 2.32 and a beta of 0.67.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan’s dividend payout ratio is 95.90%.

Analysts Set New Price Targets

A number of research firms recently commented on KMI. Mizuho decreased their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Scotiabank decreased their price target on 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. Jefferies Financial Group assumed coverage on Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Stifel Nicolaus boosted their price objective 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, BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Insider Buying and Selling at Kinder Morgan

In related news, Chairman Richard D. Kinder bought 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was purchased at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the transaction, the vice president directly owned 219,702 shares of the company’s stock, valued at $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $511,655. 12.73% of the stock is currently owned by corporate insiders.

About Kinder Morgan

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.