Inspire Advisors LLC Lowers Position in Kinder Morgan, Inc. $KMI

Inspire Advisors LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 85.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,450 shares of the pipeline company’s stock after selling 85,828 shares during the quarter. Inspire Advisors LLC’s holdings in Kinder Morgan were worth $425,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its position in Kinder Morgan by 14.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock valued at $83,000 after purchasing an additional 357 shares during the last quarter. L.M. Kohn & Company raised its position in shares of Kinder Morgan by 3.4% during the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock valued at $322,000 after buying an additional 360 shares in the last quarter. Alhambra Investment Management LLC lifted its holdings in shares of Kinder Morgan by 2.3% during the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after acquiring an additional 363 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its position in Kinder Morgan by 4.2% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock worth $276,000 after acquiring an additional 374 shares in the last quarter. Finally, QTR Family Wealth LLC increased its stake in Kinder Morgan by 2.7% in the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after acquiring an additional 377 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other news, Chairman Richard D. Kinder bought 1,000,000 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis bought 3,800 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares of the company’s stock, valued at $1,024,307.73. The trade was a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Price Performance

KMI opened at $26.81 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. The stock’s 50 day simple moving average is $27.21 and its 200 day simple moving average is $27.43. The firm has a market cap of $59.65 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 3.01 and a beta of 0.77. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48.

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. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMI. Morgan Stanley set a $30.00 price target on Kinder Morgan in a research report on Thursday, October 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Jefferies Financial Group started coverage on Kinder Morgan in a research report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price for the company. Stifel Nicolaus increased their price target 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. Finally, Mizuho decreased their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.19.

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.