Woodley Farra Manion Portfolio Management Inc. Lowers Stake in Kinder Morgan, Inc. $KMI

Woodley Farra Manion Portfolio Management Inc. lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 161,575 shares of the pipeline company’s stock after selling 2,997 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in Kinder Morgan were worth $4,750,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its stake in shares of Kinder Morgan by 14.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after buying an additional 357 shares during the period. L.M. Kohn & Company raised its position in Kinder Morgan by 3.4% during the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after acquiring an additional 360 shares during the period. Alhambra Investment Management LLC lifted its holdings 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 in the last quarter. Relyea Zuckerberg Hanson LLC grew its position in shares of Kinder Morgan by 4.2% in 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 period. Finally, QTR Family Wealth LLC raised its position in shares of Kinder Morgan by 2.7% during the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock worth $423,000 after purchasing an additional 377 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.40 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The stock has a market cap of $60.97 billion, a P/E ratio of 22.46, a PEG ratio of 3.01 and a beta of 0.77. The company has a 50-day moving average price of $27.20 and a 200 day moving average price of $27.42. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48.

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

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given 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 of this dividend is Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Scotiabank lowered their price objective 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. Wolfe Research raised 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. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 target price on the stock. Mizuho reduced their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.19.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis bought 3,800 shares of the stock in a transaction on Friday, October 31st. The stock was bought at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares in the company, valued at $1,024,307.73. This represents a 10.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was bought at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $506,660. 12.73% of the stock is currently owned by corporate insiders.

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.