Kinder Morgan, Inc. $KMI Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 37.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,043 shares of the pipeline company’s stock after selling 29,364 shares during the period. Sowell Financial Services LLC’s holdings in Kinder Morgan were worth $1,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $308,000. AlphaQuest LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth $50,000. Trexquant Investment LP bought a new position in shares of Kinder Morgan in the 1st quarter worth about $814,000. Flputnam Investment Management Co. boosted its holdings in shares of Kinder Morgan by 15.4% in the 1st quarter. Flputnam Investment Management Co. now owns 18,843 shares of the pipeline company’s stock valued at $538,000 after buying an additional 2,512 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in shares of Kinder Morgan by 31.6% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 24,607 shares of the pipeline company’s stock valued at $702,000 after buying an additional 5,914 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, Director Amy W. Chronis acquired 3,800 shares of the stock in a transaction that occurred on 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 transaction, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was bought at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the transaction, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Up 0.7%

Kinder Morgan stock opened at $27.37 on Tuesday. The company has a 50 day moving average price of $26.79 and a 200 day moving average price of $27.28. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The firm has a market capitalization of $60.89 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.38 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.Kinder Morgan’s revenue was up 12.1% compared to the same quarter last year. 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. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is 95.90%.

Analyst Ratings Changes

A number of equities analysts have issued reports on KMI shares. UBS Group reissued a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target on the stock. Royal Bank Of Canada upped their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Jefferies Financial Group cut their target price on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, December 23rd. Finally, Morgan Stanley set a $29.00 price target on shares of Kinder Morgan in a research report on Tuesday, December 23rd. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Kinder Morgan Company Profile

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.