Birmingham Capital Management Co. Inc. AL Reduces Holdings in Kinder Morgan, Inc. $KMI

Birmingham Capital Management Co. Inc. AL trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,163 shares of the pipeline company’s stock after selling 7,150 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Kinder Morgan were worth $1,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $308,000. Balyasny Asset Management L.P. raised its holdings in Kinder Morgan by 168.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 54,983 shares of the pipeline company’s stock worth $1,507,000 after purchasing an additional 34,499 shares in the last quarter. Morse Asset Management Inc bought a new position in Kinder Morgan in the 4th quarter worth $27,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Kinder Morgan by 20.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 83,683 shares of the pipeline company’s stock valued at $2,293,000 after purchasing an additional 14,263 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Kinder Morgan by 39.1% during the 4th quarter. Nuveen Asset Management LLC now owns 7,788,045 shares of the pipeline company’s stock valued at $213,392,000 after purchasing an additional 2,191,165 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president directly owned 225,868 shares in the company, valued at $6,098,436. This trade represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

KMI has been the subject of a number of research analyst reports. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research note on Monday, July 7th. Scotiabank raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, July 18th. Barclays reiterated an “overweight” rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Finally, Stifel Nicolaus lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.20.

Kinder Morgan Stock Performance

KMI stock opened at $27.33 on Thursday. The company has a market cap of $60.72 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 3.13 and a beta of 0.81. 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 stock’s fifty day moving average price is $27.25 and its 200-day moving average price is $27.33. Kinder Morgan, Inc. has a 1 year low of $20.56 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

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