Kinder Morgan, Inc. $KMI Stock Position Decreased by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,425 shares of the pipeline company’s stock after selling 4,280 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Kinder Morgan were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in KMI. Nuveen LLC bought a new stake in Kinder Morgan in the first quarter worth approximately $205,966,000. 59 North Capital Management LP bought a new stake in Kinder Morgan in the first quarter worth $195,658,000. Goldman Sachs Group Inc. increased its position in Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after buying an additional 5,529,065 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Kinder Morgan by 212.5% during the first quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company’s stock valued at $156,009,000 after buying an additional 3,718,521 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Kinder Morgan in the second quarter worth about $68,124,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the firm’s stock in a transaction on 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 directly owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Barclays reiterated an “overweight” rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Stifel Nicolaus upped their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

Kinder Morgan Trading Down 1.9%

Shares of KMI stock opened at $27.93 on Tuesday. The firm has a market capitalization of $62.06 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78. Kinder Morgan, Inc. has a 1 year low of $23.06 and a 1 year high of $31.48. The firm’s fifty day simple moving average is $27.28 and its 200 day simple moving average is $27.46. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the business posted $0.26 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

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.