Charter Research & Investment Group Inc. Sells 2,449 Shares of Kinder Morgan, Inc. $KMI

Charter Research & Investment Group Inc. cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,709 shares of the pipeline company’s stock after selling 2,449 shares during the quarter. Charter Research & Investment Group Inc.’s holdings in Kinder Morgan were worth $1,138,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan during the 2nd quarter worth $26,000. Cranbrook Wealth Management LLC grew its position in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after buying an additional 562 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in shares of Kinder Morgan during the 2nd quarter worth $34,000. Clearstead Trust LLC purchased a new position in shares of Kinder Morgan during the first quarter valued at $40,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Kinder Morgan in the first quarter valued at about $46,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.03 on Thursday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The business’s fifty day simple moving average is $27.18 and its 200-day simple moving average is $27.42. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. The company has a market cap of $60.14 billion, a PE ratio of 22.16, a PEG ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the business earned $0.25 EPS. The firm’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. Analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KMI. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a report on Thursday, October 9th. Jefferies Financial Group started coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective for the company. Wells Fargo & Company increased their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Friday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $31.19.

Insider Buying and Selling

In related news, Chairman Richard D. Kinder bought 1,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The shares were bought at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the transaction, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was bought at an average cost of $26.23 per share, with a total value 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. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $506,660. 12.73% of the stock is owned by company insiders.

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.