Guggenheim Capital LLC Trims Holdings in Kinder Morgan, Inc. $KMI

Guggenheim Capital LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 467,759 shares of the pipeline company’s stock after selling 40,394 shares during the quarter. Guggenheim Capital LLC’s holdings in Kinder Morgan were worth $13,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. Cranbrook Wealth Management LLC raised its stake in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the period. Wolff Wiese Magana LLC acquired a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $34,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $40,000. Finally, Graney & King LLC increased 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 valued at $48,000 after purchasing an additional 850 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 2.5%

Kinder Morgan stock opened at $27.84 on Friday. The stock’s fifty day moving average is $27.09 and its two-hundred day moving average is $27.40. The stock has a market cap of $61.94 billion, a PE ratio of 22.82, a P/E/G ratio of 2.39 and a beta of 0.67. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the firm 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. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Royal Bank Of Canada raised their price target on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. BMO Capital Markets started coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Scotiabank cut their price target 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. Finally, Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research note on Thursday, October 9th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction of $173,696.22. Following the transaction, the vice president owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder bought 1,000,000 shares of Kinder Morgan stock in a transaction dated Monday, October 27th. The stock was purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman directly 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 purchased 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 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.