Concord Wealth Partners Has $63,000 Stock Holdings in Kinder Morgan, Inc. $KMI

Concord Wealth Partners decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 39.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,155 shares of the pipeline company’s stock after selling 1,406 shares during the period. Concord Wealth Partners’ holdings in Kinder Morgan were worth $63,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Alhambra Investment Management LLC boosted its position in Kinder Morgan by 2.3% during the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock valued at $468,000 after purchasing an additional 363 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its position in Kinder Morgan by 4.2% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 374 shares during the last quarter. QTR Family Wealth LLC boosted its position in Kinder Morgan by 2.7% during the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after purchasing an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Kinder Morgan by 0.8% during the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock valued at $1,396,000 after purchasing an additional 378 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Kinder Morgan by 1.8% during the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock valued at $601,000 after purchasing an additional 381 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In related news, CFO David Patrick Michels sold 40,000 shares of the business’s 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 transaction, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Sital K. Mody sold 45,549 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,174 shares of company stock valued at $3,727,678. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 0.9%

Kinder Morgan stock opened at $27.34 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The business’s 50-day simple moving average is $27.24 and its 200-day simple moving average is $27.43. The firm has a market capitalization of $60.74 billion, a PE ratio of 22.41, a PEG ratio of 3.19 and a beta of 0.78. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48.

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

Kinder Morgan Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KMI shares. Barclays restated an “overweight” rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating on the stock. TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 target price on the stock. Morgan Stanley set a $30.00 target price on Kinder Morgan in a report on Thursday. Finally, Scotiabank cut their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.88.

Kinder Morgan Company 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.