Vontobel Holding Ltd. Sells 1,147 Shares of Kinder Morgan, Inc. $KMI

Vontobel Holding Ltd. trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,396 shares of the pipeline company’s stock after selling 1,147 shares during the quarter. Vontobel Holding Ltd.’s holdings in Kinder Morgan were worth $1,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sierra Ocean LLC raised its position in shares of Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after buying an additional 788 shares in the last quarter. JNBA Financial Advisors grew its stake in shares of Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after buying an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC grew its stake in shares of Kinder Morgan by 116.1% during 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 last quarter. Grove Bank & Trust grew its stake in shares of Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,078 shares during the last quarter. Finally, Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan in the second quarter worth about $34,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Down 1.5%

KMI opened at $27.12 on Friday. 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 fifty-two week low of $23.86 and a fifty-two week high of $31.48. The firm’s fifty day moving average is $27.26 and its 200 day moving average is $27.44. The stock has a market cap of $60.25 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s payout ratio is presently 95.90%.

Analyst Ratings Changes

Several research firms have recently issued reports on KMI. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a report on Thursday. BMO Capital Markets started coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Jefferies Financial Group started coverage on shares of Kinder Morgan in a report on Thursday. They issued a “hold” rating and a $30.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $30.88.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were purchased at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the transaction, the director owned 34,764 shares of the company’s stock, valued at $945,928.44. This represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is owned by insiders.

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.