Kinder Morgan, Inc. $KMI Shares Sold by World Investment Advisors

World Investment Advisors cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,970 shares of the pipeline company’s stock after selling 4,659 shares during the period. World Investment Advisors’ holdings in Kinder Morgan were worth $1,557,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KMI. Nuveen LLC acquired a new stake in shares of Kinder Morgan in the first quarter worth approximately $205,966,000. 59 North Capital Management LP acquired a new stake in shares of Kinder Morgan in the first quarter worth approximately $195,658,000. Goldman Sachs Group Inc. lifted its position in Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock valued at $578,628,000 after buying an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Kinder Morgan by 55.5% during the second quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock worth $250,057,000 after buying an additional 3,037,095 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in Kinder Morgan during the second quarter worth approximately $68,124,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 0.4%

KMI opened at $26.19 on Friday. The firm has a market capitalization of $58.26 billion, a P/E ratio of 21.46, a P/E/G ratio of 3.01 and a beta of 0.78. The firm’s 50 day moving average is $27.23 and its 200-day moving average is $27.43. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s payout ratio is 95.90%.

Wall Street Analyst Weigh In

Several research firms have issued reports on KMI. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Wells Fargo & Company boosted 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. Finally, BMO Capital Markets started coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.13.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the sale, the vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 88,625 shares of company stock worth $2,454,128 in the last ninety days. 12.73% of the stock is currently owned by corporate insiders.

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.