Burney Co. Sells 73,145 Shares of Kinder Morgan, Inc. $KMI

Burney Co. reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 26.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,412 shares of the pipeline company’s stock after selling 73,145 shares during the quarter. Burney Co.’s holdings in Kinder Morgan were worth $5,702,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA acquired a new stake in Kinder Morgan during the second quarter worth about $26,000. Cranbrook Wealth Management LLC grew its holdings in shares of Kinder Morgan by 116.1% during the 2nd 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 in the last quarter. Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $34,000. CoreFirst Bank & Trust acquired a new position in shares of Kinder Morgan in the second quarter valued at $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Kinder Morgan during the second quarter worth $40,000. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Richard D. Kinder acquired 1,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the acquisition, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This trade 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 this link. Also, Director Amy W. Chronis bought 3,800 shares of Kinder Morgan stock in a transaction dated Friday, October 31st. The stock was 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 approximately $1,024,307.73. The trade was a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI stock opened at $27.20 on Friday. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year 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 firm’s 50 day moving average is $26.80 and its 200-day moving average is $27.28. The firm has a market capitalization of $60.52 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.38 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $4.15 billion for 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%.The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company 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. The ex-dividend date was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Analyst Ratings Changes

Several analysts have recently weighed in on KMI shares. Royal Bank Of Canada lifted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. BMO Capital Markets assumed coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Mizuho cut their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Stifel Nicolaus boosted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Finally, Scotiabank lowered their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Kinder Morgan 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.