Janney Montgomery Scott LLC Decreases Stock Position in Kinder Morgan, Inc. $KMI

Janney Montgomery Scott LLC cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.6% during the second quarter, HoldingsChannel.com reports. The fund owned 1,471,574 shares of the pipeline company’s stock after selling 8,366 shares during the period. Janney Montgomery Scott LLC’s holdings in Kinder Morgan were worth $43,264,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its stake in shares of Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock worth $183,793,000 after buying an additional 794,388 shares in the last quarter. Burney Co. lifted its stake in Kinder Morgan by 133.5% in the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock worth $12,612,000 after purchasing an additional 252,736 shares in the last quarter. Aberdeen Group plc grew its position in shares of Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after purchasing an additional 609,748 shares in the last quarter. Columbus Macro LLC increased its holdings in shares of Kinder Morgan by 7.4% in the first quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company’s stock valued at $9,799,000 after purchasing an additional 23,520 shares during the last quarter. Finally, Eagle Global Advisors LLC lifted its position in Kinder Morgan by 15.6% during the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock worth $29,000,000 after buying an additional 137,030 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 0.1%

Shares of KMI opened at $28.33 on Wednesday. The company’s 50-day simple moving average is $27.20 and its 200-day simple moving average is $27.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a 1 year low of $22.01 and a 1 year high of $31.48. The stock has a market capitalization of $62.95 billion, a PE ratio of 23.22, a P/E/G ratio of 3.33 and a beta of 0.81.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. 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 announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s payout ratio is presently 95.90%.

Analysts Set New Price Targets

A number of analysts have issued reports on KMI shares. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. Scotiabank dropped their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. TD Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. Finally, Morgan Stanley set a $32.00 price objective on Kinder Morgan in a research report on Thursday, September 18th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.06.

Insider Buying and Selling

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 completion of the transaction, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Amy W. Chronis bought 2,759 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the purchase, the director directly owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 128,008 shares of company stock worth $3,553,982 over the last ninety days. Company insiders own 12.73% of the company’s stock.

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.