Guinness Asset Management LTD Trims Stock Holdings in Kinder Morgan, Inc. $KMI

Guinness Asset Management LTD lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,108 shares of the pipeline company’s stock after selling 36,828 shares during the quarter. Guinness Asset Management LTD’s holdings in Kinder Morgan were worth $9,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC increased its holdings in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 788 shares during the last quarter. JNBA Financial Advisors grew its position 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 valued at $29,000 after buying an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC raised its stake in Kinder Morgan by 116.1% during the second 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 during the period. Wolff Wiese Magana LLC bought a new position in Kinder Morgan in the second quarter worth about $34,000. Finally, Clearstead Trust LLC acquired a new position in Kinder Morgan in the first quarter valued at approximately $40,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Down 1.4%

Shares of NYSE KMI opened at $25.88 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. The stock has a market cap of $57.51 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.99 and a beta of 0.78. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The business has a 50 day simple moving average of $27.28 and a 200 day simple moving average of $27.45.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $3.98 billion. During the same quarter last year, the firm earned $0.25 EPS. Kinder Morgan’s revenue for the quarter was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Insider Activity

In other news, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the sale, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,174 shares of company stock valued at $3,727,678 over the last three months. 12.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BMO Capital Markets began coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target for the company. Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a report on Thursday, October 9th. Stifel Nicolaus upped their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Finally, Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating for the company. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $31.13.

Kinder Morgan Company 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.