Kinder Morgan, Inc. $KMI Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 92.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,100 shares of the pipeline company’s stock after selling 122,420 shares during the quarter. CoreCap Advisors LLC’s holdings in Kinder Morgan were worth $286,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in KMI. Brighton Jones LLC acquired a new position in Kinder Morgan during the fourth quarter worth approximately $308,000. TrueWealth Advisors LLC grew its position in shares of Kinder Morgan by 1.1% during the second quarter. TrueWealth Advisors LLC now owns 47,739 shares of the pipeline company’s stock worth $1,404,000 after acquiring an additional 507 shares during the last quarter. RDA Financial Network increased its holdings in shares of Kinder Morgan by 2.9% in the 2nd quarter. RDA Financial Network now owns 84,965 shares of the pipeline company’s stock valued at $2,498,000 after acquiring an additional 2,415 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in Kinder Morgan by 20.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 37,291 shares of the pipeline company’s stock valued at $1,096,000 after purchasing an additional 6,240 shares during the last quarter. Finally, Kings Path Partners LLC acquired a new stake in Kinder Morgan during the 2nd quarter worth $53,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.14 on Monday. The stock has a market capitalization of $60.37 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.24 and a beta of 0.69. The business’s 50 day moving average is $26.97 and its two-hundred day moving average is $27.25. 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.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the firm earned $0.25 EPS. The company’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. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Analyst Ratings Changes

A number of research analysts have commented on KMI shares. UBS Group restated a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research note on Friday, December 12th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Jefferies Financial Group reduced their price objective 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. Mizuho lowered their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Finally, Stifel Nicolaus upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president directly owned 201,204 shares in the company, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were purchased 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. This represents a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 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.

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.