Kinder Morgan, Inc. $KMI Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 74.0% during the second quarter, Holdings Channel reports. The firm owned 45,879 shares of the pipeline company’s stock after selling 130,340 shares during the quarter. Mirabella Financial Services LLP’s holdings in Kinder Morgan were worth $1,355,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of KMI. LFA Lugano Financial Advisors SA purchased a new stake in Kinder Morgan in the 2nd quarter worth approximately $26,000. Cranbrook Wealth Management LLC raised its holdings 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 valued at $31,000 after buying an additional 562 shares during the period. Wolff Wiese Magana LLC acquired a new position in shares of Kinder Morgan during the 2nd quarter valued at $34,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the second quarter worth about $40,000. Finally, Graney & King LLC boosted its holdings in Kinder Morgan by 103.7% in the 1st quarter. Graney & King LLC now owns 1,670 shares of the pipeline company’s stock worth $48,000 after acquiring an additional 850 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.84 on Friday. The firm has a market cap of $61.94 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.39 and a beta of 0.67. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. The business’s fifty day moving average is $27.09 and its two-hundred day moving average is $27.40.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $3.98 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. 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 fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan’s payout ratio is 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the sale, the vice president owned 213,536 shares of the company’s stock, valued at $5,765,472. This trade represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the stock in a transaction on Monday, October 27th. The shares were purchased at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the transaction, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $506,660. 12.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KMI. Scotiabank dropped their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 target price for the company. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

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.