Jump Financial LLC Has $4.38 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• Jump Financial LLC reduced its holdings in Kinder Morgan by 8% in Q1, now owning 153,386 shares worth approximately $4.38 million.
• Insider sales include CFO David Patrick Michels selling 40,000 shares and VP Sital K. Mody selling 45,549 shares, reflecting a notable decrease in their ownership stake.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Kinder Morgan, with price targets ranging from $28 to $34.

Jump Financial LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,386 shares of the pipeline company's stock after selling 13,314 shares during the period. Jump Financial LLC's holdings in Kinder Morgan were worth $4,376,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC lifted its holdings in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $26,000. Morse Asset Management Inc acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $29,000. Finally, JNBA Financial Advisors lifted its holdings in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after purchasing an additional 870 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on KMI. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Scotiabank raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Wells Fargo & Company raised their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research note on Monday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.20.

Insider Activity at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm'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 sale, the vice president directly owned 232,034 shares in the company, valued at approximately $6,450,545.20. This trade represents a 2.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,842 shares of company stock worth $3,896,180 over the last 90 days. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

Shares of KMI traded up $0.17 during midday trading on Thursday, hitting $27.00. The company's stock had a trading volume of 11,851,714 shares, compared to its average volume of 15,541,550. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48. The company's fifty day simple moving average is $27.57 and its two-hundred day simple moving average is $27.32. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $59.98 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 3.39 and a beta of 0.78.

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 the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the business posted $0.26 EPS. Kinder Morgan's revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

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.