Capital Investment Advisors LLC Has $16.31 Million Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Capital Investment Advisors LLC increased its stake in Kinder Morgan, Inc. by 4.9% during the second quarter, now holding approximately $16.31 million in the company's stock.
• Kinder Morgan's recent quarterly earnings matched analysts' expectations at $0.28 per share, with a revenue of $4.04 billion reflecting a 13.2% increase year-over-year.
• The company declared a quarterly dividend of $0.2925 per share, resulting in an annualized dividend yield of 4.1%, though its payout ratio stands at 95.90%.

Capital Investment Advisors LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 554,601 shares of the pipeline company's stock after acquiring an additional 26,114 shares during the quarter. Capital Investment Advisors LLC's holdings in Kinder Morgan were worth $16,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Nuveen LLC acquired a new position in Kinder Morgan in the 1st quarter valued at approximately $205,966,000. 59 North Capital Management LP acquired a new position in Kinder Morgan in the 1st quarter valued at approximately $195,658,000. Goldman Sachs Group Inc. increased its position in shares of Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after buying an additional 5,529,065 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Kinder Morgan by 212.5% during 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 buying an additional 3,718,521 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Kinder Morgan during the second quarter worth $68,124,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Dax Sanders sold 30,127 shares of the firm's stock in a transaction dated 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 sale, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was 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 of the company's stock, valued at $4,494,275.32. This trade represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,008 shares of company stock valued at $3,553,982 over the last 90 days. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.5%

Kinder Morgan stock opened at $28.34 on Tuesday. Kinder Morgan, Inc. has a 1-year low of $21.65 and a 1-year high of $31.48. The firm has a market capitalization of $62.97 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 3.31 and a beta of 0.81. The firm's fifty day moving average price is $27.17 and its two-hundred day moving average price is $27.45. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

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 for the quarter, meeting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the firm earned $0.26 earnings per share. The business's quarterly 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, equities research analysts predict 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. Stockholders of record on Thursday, July 31st were issued a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.1%. Kinder Morgan's dividend payout ratio is currently 95.90%.

Analyst Ratings Changes

Several research firms have recently weighed in on KMI. Barclays reiterated an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. TD Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. Scotiabank cut their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research note on Friday, September 19th. Finally, Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research note on Friday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.06.

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.

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