Kinder Morgan, Inc. $KMI Shares Sold by MGO One Seven LLC

MGO One Seven LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 27.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,504 shares of the pipeline company’s stock after selling 19,807 shares during the period. MGO One Seven LLC’s holdings in Kinder Morgan were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan in the second quarter worth approximately $26,000. Cranbrook Wealth Management LLC raised 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 valued at $31,000 after purchasing an additional 562 shares in the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth $34,000. CoreFirst Bank & Trust purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth $35,000. Finally, Private Wealth Management Group LLC grew its stake in shares of Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the sale, the vice president directly owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were acquired at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the purchase, the chairman directly owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Trading Down 0.5%

NYSE:KMI opened at $27.39 on Friday. The company has a market capitalization of $60.94 billion, a PE ratio of 22.45, a P/E/G ratio of 2.27 and a beta of 0.69. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The stock’s 50 day moving average price is $27.08 and its 200 day moving average price is $27.22. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98.

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

Kinder Morgan Announces Dividend

The firm also recently disclosed 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. This represents a $1.17 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Analyst Ratings Changes

A number of research firms have weighed in on KMI. Mizuho cut their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Scotiabank decreased their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. UBS Group reaffirmed a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group reduced their price objective on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, December 23rd. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.