Stephens Inc. AR Sells 88,795 Shares of Kinder Morgan, Inc. $KMI

Stephens Inc. AR lowered its position in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 42.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,970 shares of the pipeline company’s stock after selling 88,795 shares during the quarter. Stephens Inc. AR’s holdings in Kinder Morgan were worth $3,425,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KMI. LFA Lugano Financial Advisors SA purchased a new position in shares of Kinder Morgan during the second quarter worth about $26,000. Cranbrook Wealth Management LLC raised its stake 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 purchasing an additional 562 shares in the last quarter. Wolff Wiese Magana LLC bought a new stake in Kinder Morgan during the second quarter valued at approximately $34,000. CoreFirst Bank & Trust purchased a new position in Kinder Morgan in the 2nd quarter worth approximately $35,000. Finally, Private Wealth Management Group LLC increased its holdings in shares of Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after buying an additional 595 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $27.93 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49. The stock’s 50 day simple moving average is $27.10 and its 200 day simple moving average is $27.21. The firm has a market cap of $62.14 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 2.26 and a beta of 0.69. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share 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 firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 4.2%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis bought 3,800 shares of Kinder Morgan stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the transaction, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $507,462. Company insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, December 23rd. UBS Group restated a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. Scotiabank reiterated a “sector perform” rating and issued a $29.00 price objective on shares of Kinder Morgan in a report on Friday. Morgan Stanley set a $29.00 price objective on Kinder Morgan in a research report on Tuesday, December 23rd. Finally, Mizuho dropped their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Nine investment 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, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

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About Kinder Morgan

(Free Report)

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

Further Reading

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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