CreativeOne Wealth LLC Has $3.21 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• CreativeOne Wealth LLC reduced its stake in Kinder Morgan by 18.1%, now holding a total of 112,375 shares valued at approximately $3.21 million.
• Kinder Morgan recently declared a quarterly dividend of $0.2925 per share, representing an annualized dividend yield of 4.4%.
• The company's stock has shown a notable increase in institutional interest, with 62.52% of shares owned by institutional investors and hedge funds.

CreativeOne Wealth LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,375 shares of the pipeline company's stock after selling 24,765 shares during the period. CreativeOne Wealth LLC's holdings in Kinder Morgan were worth $3,206,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KMI. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at $308,000. Northern Trust Corp boosted its stake in shares of Kinder Morgan by 8.3% during the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after buying an additional 1,608,499 shares during the period. AQR Capital Management LLC boosted its stake in shares of Kinder Morgan by 93.5% during the 4th quarter. AQR Capital Management LLC now owns 1,475,577 shares of the pipeline company's stock valued at $40,431,000 after buying an additional 713,001 shares during the period. Bridgewealth Advisory Group LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $377,000. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $443,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other news, EVP Dax Sanders sold 30,127 shares of the business'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 transaction, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the transaction, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. The trade was a 2.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,842 shares of company stock worth $3,896,180. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $26.84 on Thursday. The company has a market capitalization of $59.63 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The company's fifty day moving average price is $27.58 and its 200 day moving average price is $27.32.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm 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%. The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. Kinder Morgan's payout ratio is presently 95.90%.

Analyst Ratings Changes

Several research firms recently issued reports on KMI. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. TD Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Barclays reaffirmed an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. Finally, Wolfe Research raised 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 research note on Friday, July 25th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.20.

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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