OLD National Bancorp IN Sells 87,237 Shares of Kinder Morgan, Inc. $KMI

OLD National Bancorp IN decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 23.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 279,695 shares of the pipeline company’s stock after selling 87,237 shares during the quarter. OLD National Bancorp IN’s holdings in Kinder Morgan were worth $7,918,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KMI. LFA Lugano Financial Advisors SA bought a new stake in Kinder Morgan during the second quarter worth about $26,000. Cranbrook Wealth Management LLC boosted its holdings 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 worth $31,000 after acquiring an additional 562 shares in the last quarter. Wolff Wiese Magana LLC bought a new stake in Kinder Morgan during the 2nd quarter worth approximately $34,000. CoreFirst Bank & Trust acquired a new stake in Kinder Morgan during the 2nd quarter valued at $35,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Kinder Morgan in the 2nd quarter valued at $40,000. 62.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on KMI shares. UBS Group restated a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price for the company. Royal Bank Of Canada increased their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Finally, Morgan Stanley set a $29.00 price objective on shares of Kinder Morgan in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Insider Activity at Kinder Morgan

In related news, Chairman Richard D. Kinder bought 1,000,000 shares of the business’s stock in a transaction on Monday, October 27th. The shares were purchased at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the purchase, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This represents a 0.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis bought 3,800 shares of Kinder Morgan stock in a transaction on Friday, October 31st. The shares were bought at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the acquisition, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. The trade was a 10.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, 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 Stock Up 1.4%

Shares of NYSE KMI opened at $27.28 on Wednesday. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The firm’s 50-day moving average is $26.81 and its 200-day moving average is $27.29. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $60.68 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.36 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share 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 business 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 business posted $0.25 earnings per share. Kinder Morgan’s 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. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid 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 dividend yield of 4.3%. Kinder Morgan’s payout ratio is 95.90%.

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.