L & S Advisors Inc Has $4.03 Million Stock Position in Kinder Morgan, Inc. $KMI

L & S Advisors Inc cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.7% in the second quarter, HoldingsChannel.com reports. The fund owned 137,051 shares of the pipeline company’s stock after selling 5,292 shares during the period. L & S Advisors Inc’s holdings in Kinder Morgan were worth $4,029,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA acquired a new stake in Kinder Morgan in the 2nd quarter valued at about $26,000. Cranbrook Wealth Management LLC lifted its stake in Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after buying an additional 562 shares during the period. Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan in the 2nd quarter valued at $34,000. Clearstead Trust LLC bought a new position in Kinder Morgan during the 1st quarter valued at $40,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at $46,000. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on KMI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Friday, July 25th. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $31.31.

Insider Transactions at Kinder Morgan

In related news, Chairman Richard D. Kinder acquired 1,000,000 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was bought at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the transaction, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the transaction, the vice president owned 213,536 shares in the company, valued at approximately $5,765,472. This trade represents a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders purchased 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.89 on Friday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The stock has a market capitalization of $59.82 billion, a PE ratio of 22.04, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm has a 50 day moving average of $27.18 and a two-hundred day moving average of $27.42.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 quarter last year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, November 3rd. 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.