Apollon Wealth Management LLC Has $2.72 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Apollon Wealth Management LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,389 shares of the pipeline company’s stock after selling 2,130 shares during the period. Apollon Wealth Management LLC’s holdings in Kinder Morgan were worth $2,716,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC raised its position in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 788 shares in the last quarter. JNBA Financial Advisors raised its position in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC raised its position in Kinder Morgan by 116.1% in 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 in the last quarter. Grove Bank & Trust raised its position in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Wolff Wiese Magana LLC acquired a new position in Kinder Morgan in the second quarter worth about $34,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of Kinder Morgan stock in a transaction on Monday, July 28th. The shares were purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the purchase, the director owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the transaction, the vice president directly owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,174 shares of company stock valued at $3,727,678 over the last three months. Insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KMI. Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. TD Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Jefferies Financial Group began coverage on shares of Kinder Morgan in a research note on Thursday. They set a “hold” rating and a $30.00 price objective on the stock. Finally, Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating on the stock. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.88.

Kinder Morgan Price Performance

KMI opened at $27.12 on Monday. Kinder Morgan, Inc. has a one year low of $23.86 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The company’s 50 day simple moving average is $27.26 and its 200-day simple moving average is $27.44. The stock has a market capitalization of $60.25 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the firm earned $0.26 earnings per share. Kinder Morgan’s revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is 95.90%.

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.