Kinder Morgan, Inc. $KMI Shares Sold by Wealth Management Associates Inc.

Wealth Management Associates Inc. cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,033 shares of the pipeline company’s stock after selling 6,043 shares during the quarter. Kinder Morgan accounts for about 1.9% of Wealth Management Associates Inc.’s investment portfolio, making the stock its 11th largest holding. Wealth Management Associates Inc.’s holdings in Kinder Morgan were worth $4,480,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC lifted its stake in Kinder Morgan by 927.1% during 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 during the last quarter. Fourth Dimension Wealth LLC bought a new position in Kinder Morgan during the fourth quarter worth $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan during the fourth quarter worth $27,000. JNBA Financial Advisors lifted its stake in Kinder Morgan by 669.2% during 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 during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Kinder Morgan during the fourth quarter worth $29,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KMI. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Friday, July 25th. Barclays reiterated an “overweight” rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. TD Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 target price on the stock. Finally, Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Insider Buying and Selling at Kinder Morgan

In related news, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan 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 of the company’s stock, valued at $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the transaction, the vice president directly owned 225,868 shares in the company, valued at approximately $6,098,436. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.33 on Thursday. Kinder Morgan, Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $31.48. The firm’s 50-day simple moving average is $27.25 and its 200 day simple moving average is $27.33. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market cap of $60.72 billion, a P/E ratio of 22.40, a P/E/G ratio of 3.13 and a beta of 0.81.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share 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 for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The company’s 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. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s payout ratio is currently 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.