1834 Investment Advisors Co. Sells 40,078 Shares of Kinder Morgan, Inc. $KMI

Key Points

• 1834 Investment Advisors Co. reduced its stake in Kinder Morgan by 9.4%, selling 40,078 shares, which now represents 1.4% of their investment portfolio with a value of $11.4 million.
• Multiple institutional investors significantly increased their stakes in Kinder Morgan, with Sierra Ocean LLC raising its position by 927.1%, resulting in increased ownership among hedge funds to 62.52%.
• Kinder Morgan declared a quarterly dividend of $0.2925, yielding 4.1%, with a payout ratio of 95.90%.

1834 Investment Advisors Co. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 387,618 shares of the pipeline company's stock after selling 40,078 shares during the quarter. Kinder Morgan accounts for approximately 1.4% of 1834 Investment Advisors Co.'s investment portfolio, making the stock its 17th largest position. 1834 Investment Advisors Co.'s holdings in Kinder Morgan were worth $11,396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 788 shares during the last quarter. JNBA Financial Advisors increased its stake in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after purchasing an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC increased its stake in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 562 shares during the last quarter. Grove Bank & Trust raised its stake in Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock worth $32,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the first quarter worth about $35,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on KMI. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating for the company. Morgan Stanley set a $32.00 price target on shares of Kinder Morgan in a report on Thursday, September 18th. TD Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. Finally, Barclays reissued an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $31.06.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $28.21 on Friday. The stock has a market capitalization of $62.68 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.28 and a beta of 0.81. Kinder Morgan, Inc. has a 52-week low of $21.61 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock's 50 day moving average price is $27.15 and its two-hundred day moving average price is $27.42.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. The company 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%. Kinder Morgan'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, equities analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share 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 $0.2925 dividend. This represents a $1.17 dividend on an annualized basis 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%.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the sale, the vice president owned 225,868 shares of the company's stock, valued at approximately $6,098,436. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares in the company, valued at $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. In the last ninety days, insiders have sold 128,008 shares of company stock valued at $3,553,982. Company insiders own 12.73% of the company's stock.

Kinder Morgan Company 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.

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