Accel Wealth Management Has $2.79 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Accel Wealth Management decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,868 shares of the pipeline company’s stock after selling 406 shares during the quarter. Kinder Morgan makes up approximately 0.9% of Accel Wealth Management’s holdings, making the stock its 23rd largest holding. Accel Wealth Management’s holdings in Kinder Morgan were worth $2,789,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KMI. Brighton Jones LLC acquired a new position in Kinder Morgan during the 4th quarter worth $308,000. RFG Advisory LLC acquired a new position in Kinder Morgan during the 1st quarter worth $415,000. Tower Wealth Partners Inc. acquired a new position in Kinder Morgan during the 1st quarter worth $210,000. UMB Bank n.a. lifted its holdings in Kinder Morgan by 8.8% during the 1st quarter. UMB Bank n.a. now owns 229,278 shares of the pipeline company’s stock worth $6,541,000 after buying an additional 18,633 shares in the last quarter. Finally, Wedmont Private Capital lifted its stake in shares of Kinder Morgan by 1.9% in the 1st quarter. Wedmont Private Capital now owns 34,469 shares of the pipeline company’s stock valued at $912,000 after purchasing an additional 655 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. 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 target on the stock. Stifel Nicolaus increased their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Saturday, September 27th. Finally, Wells Fargo & Company increased their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.25.

Kinder Morgan Price Performance

KMI opened at $28.50 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 12 month low of $23.06 and a 12 month high of $31.48. The company has a fifty day simple moving average of $27.27 and a 200 day simple moving average of $27.46. The stock has a market cap of $63.32 billion, a P/E ratio of 23.36, a P/E/G ratio of 3.35 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is 95.90%.

Insider Activity

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the transaction, the chief financial officer owned 159,428 shares in the company, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by insiders.

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.