Safe Harbor Fiduciary LLC Has $460,000 Stock Position in Kinder Morgan, Inc. $KMI

Safe Harbor Fiduciary LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 14.8% during the second quarter, Holdings Channel reports. The fund owned 15,644 shares of the pipeline company’s stock after selling 2,724 shares during the period. Safe Harbor Fiduciary LLC’s holdings in Kinder Morgan were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Choreo LLC grew its stake in shares of Kinder Morgan by 13.4% during the second quarter. Choreo LLC now owns 65,799 shares of the pipeline company’s stock valued at $1,934,000 after purchasing an additional 7,777 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Kinder Morgan by 12.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 109,004 shares of the pipeline company’s stock worth $3,205,000 after purchasing an additional 11,870 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in Kinder Morgan by 89.6% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 54,493 shares of the pipeline company’s stock worth $1,602,000 after buying an additional 25,751 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Kinder Morgan by 15.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 285,183 shares of the pipeline company’s stock valued at $8,384,000 after buying an additional 37,527 shares during the period. Finally, Laurel Wealth Advisors LLC raised its position in shares of Kinder Morgan by 2,840.0% during the second quarter. Laurel Wealth Advisors LLC now owns 266,600 shares of the pipeline company’s stock worth $7,838,000 after acquiring an additional 257,532 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $26.97 on Thursday. 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 firm has a market capitalization of $59.99 billion, a P/E ratio of 22.10, a PEG ratio of 3.01 and a beta of 0.77. The business has a 50-day moving average of $27.14 and a 200-day moving average of $27.42. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. Kinder Morgan’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan’s payout ratio is 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the transaction, the vice president directly owned 213,536 shares in the company, valued at approximately $5,765,472. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy W. Chronis purchased 3,800 shares of the stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the acquisition, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 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 corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMI shares. Jefferies Financial Group started coverage on Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Finally, Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research note on Thursday, October 9th. 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.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $31.33.

About Kinder Morgan

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.