Butensky & Cohen Financial Security Inc. Sells 9,331 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Butensky & Cohen Financial Security Inc. reduced its stake in Kinder Morgan, Inc. by 4.3% during the second quarter, holding 205,854 shares valued at approximately $6.05 million.
• Kinder Morgan reported quarterly earnings of $0.28 per share, matching the consensus estimate, with a revenue of $4.04 billion, exceeding expectations by 13.2% year-over-year.
• The company announced a quarterly dividend of $0.2925 per share, representing an annualized yield of 4.3% and a dividend payout ratio of 95.90%.

Butensky & Cohen Financial Security Inc. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,854 shares of the pipeline company's stock after selling 9,331 shares during the period. Kinder Morgan makes up approximately 1.8% of Butensky & Cohen Financial Security Inc.'s investment portfolio, making the stock its 8th biggest position. Butensky & Cohen Financial Security Inc.'s holdings in Kinder Morgan were worth $6,052,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC lifted 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 worth $25,000 after purchasing an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at $26,000. JNBA Financial Advisors boosted its holdings in Kinder Morgan by 669.2% in the first 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. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at $29,000. Finally, Grove Bank & Trust boosted its holdings in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,078 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several research analyst reports. Scotiabank reduced 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 research report on Friday. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Barclays reaffirmed an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.06.

Kinder Morgan Trading Down 0.8%

Kinder Morgan stock traded down $0.21 during trading on Friday, reaching $27.46. The company had a trading volume of 20,818,468 shares, compared to its average volume of 11,540,258. Kinder Morgan, Inc. has a 12-month low of $21.45 and a 12-month high of $31.48. The stock's 50 day moving average price is $27.17 and its two-hundred day moving average price is $27.39. The firm has a market capitalization of $61.02 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 3.22 and a beta of 0.81. 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 (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm earned $0.26 earnings per share. Kinder Morgan's revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Insider Buying and Selling

In related news, Director Amy W. Chronis acquired 2,759 shares of the stock in a transaction dated Monday, July 28th. The shares were acquired 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 owned 34,764 shares in the company, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,008 shares of company stock valued at $3,553,982. Company insiders own 12.73% of the company's stock.

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.