Avior Wealth Management LLC Cuts Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Avior Wealth Management LLC significantly reduced its stake in Kinder Morgan, Inc. by 59.3%, owning 51,412 shares after selling 74,951 shares during the second quarter.
• Despite the reduction in holdings by some investors, other institutional investors such as Nuveen LLC and Goldman Sachs Group Inc. have increased their positions in Kinder Morgan during the same period.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, representing a 4.1% yield, with a high dividend payout ratio of 95.90%.

Avior Wealth Management LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 59.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,412 shares of the pipeline company's stock after selling 74,951 shares during the quarter. Avior Wealth Management LLC's holdings in Kinder Morgan were worth $1,512,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new position in Kinder Morgan during the first quarter valued at approximately $205,966,000. 59 North Capital Management LP purchased a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $195,658,000. Goldman Sachs Group Inc. grew its holdings in shares of Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after purchasing an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Kinder Morgan by 212.5% in the first quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after purchasing an additional 3,718,521 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in Kinder Morgan during the second quarter valued at $68,124,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Trading Up 1.0%

Shares of NYSE KMI opened at $28.21 on Monday. 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 business's 50 day moving average price is $27.15 and its 200-day moving average price is $27.44. Kinder Morgan, Inc. has a fifty-two week low of $21.61 and a fifty-two week high of $31.48. The company has a market cap of $62.68 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.31 and a beta of 0.81.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KMI shares. Morgan Stanley set a $32.00 price objective on shares of Kinder Morgan in a research note on Thursday, September 18th. Stifel Nicolaus lifted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. BMO Capital Markets initiated coverage on Kinder Morgan in a research report on Friday, September 19th. They set an "outperform" rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Wells Fargo & Company boosted their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.06.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the sale, the vice president owned 225,868 shares in the company, valued at $6,098,436. This trade represents a 2.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis bought 2,759 shares of the company's stock in a transaction on Monday, July 28th. The stock was bought at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the purchase, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This represents a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 128,008 shares of company stock worth $3,553,982 over the last ninety days. 12.73% of the stock is currently owned by company insiders.

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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