Focus Partners Wealth Grows Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Focus Partners Wealth increased its stake in Kinder Morgan, Inc. by 7.9%, owning a total of 3,509,630 shares valued at approximately $100.13 million as of their recent SEC filing.
• Insiders at Kinder Morgan sold a total of 128,008 shares worth about $3.55 million over the past ninety days, with executives Dax Sanders and Sital K. Mody making significant sales recently.
• Equities research analysts generally hold a positive outlook on Kinder Morgan, with nine analysts rating it a "buy" and a target price averaging $31.20.

Focus Partners Wealth grew its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 7.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,509,630 shares of the pipeline company's stock after purchasing an additional 257,126 shares during the period. Focus Partners Wealth owned about 0.16% of Kinder Morgan worth $100,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KMI. Morton Capital Management LLC CA boosted its position in Kinder Morgan by 1.0% during the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after buying an additional 377 shares during the period. Frank Rimerman Advisors LLC lifted its holdings in shares of Kinder Morgan by 0.8% during the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock worth $1,396,000 after purchasing an additional 378 shares during the period. Signaturefd LLC grew its stake in shares of Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after purchasing an additional 381 shares during the last quarter. Aspiriant LLC increased its holdings in Kinder Morgan by 1.7% in the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after purchasing an additional 396 shares during the period. Finally, Presima Securities ULC raised its position in Kinder Morgan by 0.9% during the 1st quarter. Presima Securities ULC now owns 46,796 shares of the pipeline company's stock worth $1,335,000 after purchasing an additional 396 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the transaction, the chief financial officer directly owned 159,428 shares of the company's stock, valued at $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dax Sanders sold 30,127 shares of the company's stock in a transaction dated Monday, August 11th. The stock was 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 directly owned 292,000 shares of the company's stock, valued at $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. 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 0.0%

NYSE KMI traded up $0.01 during trading hours on Friday, hitting $27.58. The company's stock had a trading volume of 8,664,933 shares, compared to its average volume of 11,850,534. The company has a market capitalization of $61.28 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 3.23 and a beta of 0.81. 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, Inc. has a 52 week low of $20.97 and a 52 week high of $31.48. The company's 50-day simple moving average is $27.22 and its two-hundred day simple moving average is $27.35.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The company'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. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS 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 paid a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan's dividend payout ratio is presently 95.90%.

Wall Street Analyst Weigh In

KMI has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research 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 research report on Monday, June 23rd. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research note on Monday, July 7th. Finally, Scotiabank boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.