Kinder Morgan, Inc. $KMI Shares Sold by Intrua Financial LLC

Key Points

• Intrua Financial LLC decreased its stake in Kinder Morgan, Inc. by 47.1%, selling 11,202 shares and now holding 12,594 shares valued at $359,000.
• Recent insider trading revealed that VP Sital K. Mody sold 45,549 shares worth over $1.27 million, while EVP Dax Sanders sold 30,127 shares for approximately $815,000.
• Kinder Morgan reported a 13.2% increase in revenue year-over-year, with earnings per share meeting analysts' expectations at $0.28 for the latest quarter.

Intrua Financial LLC decreased its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 47.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,594 shares of the pipeline company's stock after selling 11,202 shares during the period. Intrua Financial LLC's holdings in Kinder Morgan were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Kinder Morgan by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after buying an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Kinder Morgan by 37.5% in the 1st 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 last quarter. Deutsche Bank AG boosted its stake in shares of Kinder Morgan by 2.0% in the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock valued at $428,018,000 after purchasing an additional 290,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kinder Morgan by 19.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company's stock valued at $380,145,000 after purchasing an additional 2,144,307 shares in the last quarter. Finally, Amundi boosted its stake in shares of Kinder Morgan by 8.0% in the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock valued at $353,785,000 after purchasing an additional 943,023 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,759 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average cost of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director directly owned 34,764 shares of the company's stock, valued at $945,928.44. This trade represents a 8.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 159,428 shares of the company's stock, valued at $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,008 shares of company stock valued at $3,553,982. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded up $0.01 on Friday, hitting $27.58. 8,664,933 shares of the company traded hands, compared to its average volume of 11,600,910. The business has a 50-day simple moving average of $27.22 and a 200 day simple moving average of $27.36. Kinder Morgan, Inc. has a 52 week low of $20.97 and a 52 week high of $31.48. The stock has a market capitalization of $61.28 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 3.24 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 announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. Kinder Morgan's dividend payout ratio is 95.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KMI shares. Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating for the company. Wells Fargo & Company raised 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. Scotiabank raised their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. Finally, Barclays reaffirmed an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $31.20.

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.