Kinder Morgan, Inc. $KMI Shares Sold by Brookstone Capital Management

Brookstone Capital Management trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442,737 shares of the pipeline company’s stock after selling 18,612 shares during the period. Brookstone Capital Management’s holdings in Kinder Morgan were worth $12,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KMI. LFA Lugano Financial Advisors SA acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. Cranbrook Wealth Management LLC boosted its holdings 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 buying an additional 562 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan during the second quarter valued at $34,000. CoreFirst Bank & Trust acquired a new stake in Kinder Morgan during the second quarter valued at $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the second quarter worth about $40,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Richard D. Kinder acquired 1,000,000 shares of the stock in a transaction on Monday, October 27th. The shares were bought at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the purchase, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm’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 completion of the sale, the vice president directly owned 219,702 shares of the company’s stock, valued at $6,189,005.34. This trade represents a 2.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.11 on Friday. The company has a fifty day simple moving average of $26.80 and a 200-day simple moving average of $27.28. The firm has a market capitalization of $60.30 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 2.38 and a beta of 0.67. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48.

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, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared 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 dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KMI shares. Mizuho dropped their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Jefferies Financial Group dropped their price objective on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday. Royal Bank Of Canada upped 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. Stifel Nicolaus lifted their price target 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. Finally, BMO Capital Markets started 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 equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

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.