Compound Planning Inc. Sells 14,401 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Compound Planning Inc. reduced its stake in Kinder Morgan, Inc. by 20.6%, owning 55,552 shares after selling 14,401 shares during the first quarter.
• Kinder Morgan reported a revenue of $4.04 billion for the latest quarter, exceeding analysts' expectations of $3.75 billion, and earnings per share of $0.28.
• The company announced a quarterly dividend of $0.2925 per share, with an annualized yield of 4.4% and a payout ratio of nearly 96%.

Compound Planning Inc. trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 20.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,552 shares of the pipeline company's stock after selling 14,401 shares during the quarter. Compound Planning Inc.'s holdings in Kinder Morgan were worth $1,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sierra Ocean LLC increased its holdings in shares of Kinder Morgan by 927.1% in the 1st 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. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the fourth quarter worth $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan during the fourth quarter worth $27,000. JNBA Financial Advisors grew its holdings in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after acquiring an additional 870 shares during the period. Finally, Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KMI. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Friday, July 25th. Barclays restated an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Royal Bank Of Canada upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Wells Fargo & Company upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Stifel Nicolaus upped their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total value of $171,414.80. Following the completion of the transaction, the vice president directly owned 232,034 shares in the company, valued at $6,450,545.20. This represents a 2.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,842 shares of company stock valued at $3,896,180 over the last three months. 12.73% of the stock is owned by company insiders.

Kinder Morgan Stock Up 0.8%

Shares of NYSE KMI traded up $0.22 during midday trading on Wednesday, reaching $26.84. 14,063,742 shares of the company's stock were exchanged, compared to its average volume of 14,534,368. Kinder Morgan, Inc. has a 52-week low of $20.56 and a 52-week high of $31.48. The stock has a market capitalization of $59.63 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78. 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 fifty day moving average price is $27.60 and its two-hundred day moving average price is $27.33.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current 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 given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio is 95.90%.

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.