Tyler Stone Wealth Management Lowers Stock Position in Kinder Morgan, Inc. $KMI

Tyler Stone Wealth Management decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 30.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 73,489 shares of the pipeline company’s stock after selling 31,428 shares during the period. Tyler Stone Wealth Management’s holdings in Kinder Morgan were worth $2,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of KMI. Nomura Holdings Inc. lifted its holdings in Kinder Morgan by 542.9% in the second quarter. Nomura Holdings Inc. now owns 112,895 shares of the pipeline company’s stock valued at $3,319,000 after acquiring an additional 95,334 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Kinder Morgan by 81.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 335,281 shares of the pipeline company’s stock valued at $9,857,000 after purchasing an additional 150,707 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Kinder Morgan by 9.6% in the second quarter. Westwood Holdings Group Inc. now owns 7,058,772 shares of the pipeline company’s stock valued at $207,528,000 after purchasing an additional 616,679 shares during the period. SPG Advisors LLC acquired a new position in Kinder Morgan during the second quarter worth about $201,000. Finally, Ashford Capital Management Inc. increased its holdings in Kinder Morgan by 19.6% in the second quarter. Ashford Capital Management Inc. now owns 66,086 shares of the pipeline company’s stock valued at $1,943,000 after buying an additional 10,818 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Mizuho dropped their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. UBS Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research note on Friday. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a report on Thursday, October 9th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

Kinder Morgan Stock Down 0.4%

KMI opened at $26.72 on Friday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month 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. The business has a 50-day moving average of $26.95 and a two-hundred day moving average of $27.37. The stock has a market capitalization of $59.45 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last posted its 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 firm 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 company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $27.81, for a total value of $171,476.46. Following the completion of the transaction, the vice president owned 207,370 shares of the company’s stock, valued at approximately $5,766,959.70. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $26.23 per share, with a total value of $99,674.00. Following the transaction, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $511,655. Corporate insiders own 12.73% of the company’s stock.

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.