Guggenheim Capital LLC Lowers Stock Holdings in Kinder Morgan, Inc. $KMI

Guggenheim Capital LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 18.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 508,153 shares of the pipeline company’s stock after selling 111,673 shares during the quarter. Guggenheim Capital LLC’s holdings in Kinder Morgan were worth $14,498,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Kinder Morgan in the 4th quarter worth about $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan in the 4th quarter valued at about $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at about $29,000. Finally, JNBA Financial Advisors lifted its holdings in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 870 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.8%

Shares of Kinder Morgan stock opened at $26.84 on Thursday. Kinder Morgan, Inc. has a twelve month low of $20.56 and a twelve month high of $31.48. The stock has a market cap of $59.63 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average price of $27.58 and a 200 day moving average price of $27.32.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a report on Monday, July 7th. Barclays reiterated an “overweight” rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. TD Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price target for the company. Finally, Scotiabank raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, July 18th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total transaction of $171,414.80. Following the transaction, the vice president directly owned 232,034 shares of the company’s stock, valued at approximately $6,450,545.20. The trade was a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares of the company’s stock, valued at $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,842 shares of company stock valued at $3,896,180 over the last three months. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Profile

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.