Tyler Stone Wealth Management Lowers Holdings in Kinder Morgan, Inc. $KMI

Tyler Stone Wealth Management lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 30.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,489 shares of the pipeline company’s stock after selling 31,428 shares during the period. Tyler Stone Wealth Management’s holdings in Kinder Morgan were worth $2,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Kinder Morgan in the second quarter valued at $1,162,802,000. 59 North Capital Management LP acquired a new stake in Kinder Morgan in the 1st quarter valued at about $195,658,000. Merewether Investment Management LP purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at about $138,477,000. Marshall Wace LLP grew its position in shares of Kinder Morgan by 364.8% during the second quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock worth $122,461,000 after buying an additional 3,269,284 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after buying an additional 3,070,609 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.72 on Friday. The stock’s 50-day moving average is $26.95 and its two-hundred day moving average is $27.37. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The firm has a market cap of $59.45 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.35 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were 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 was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Wall Street Analyst Weigh In

KMI has been the subject of several analyst reports. Scotiabank lowered 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 report on Friday, September 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Mizuho dropped their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Jefferies Financial Group initiated coverage on Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Finally, Stifel Nicolaus raised their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.33.

Insider Transactions at Kinder Morgan

In related news, Chairman Richard D. Kinder bought 1,000,000 shares of the stock in a transaction on Monday, October 27th. The shares were bought at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the purchase, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.81, for a total value of $171,476.46. Following the sale, the vice president owned 207,370 shares of the company’s stock, valued at $5,766,959.70. This trade represents a 2.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders acquired 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. Insiders own 12.73% of the company’s stock.

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.