Kestra Advisory Services LLC Grows Position in Kinder Morgan, Inc. $KMI

Key Points

• Kestra Advisory Services LLC increased its stake in Kinder Morgan by 6.4% during the first quarter, owning 338,558 shares valued at approximately $9.7 million.
• Kinder Morgan reported a net revenue of $4.04 billion for the latest quarter, surpassing analysts' expectations of $3.75 billion, with earnings per share meeting the consensus estimate at $0.28.
• The company declared a quarterly dividend of $0.2925 per share, yielding around 4.4%, with a dividend payout ratio of 95.90%.

Kestra Advisory Services LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 338,558 shares of the pipeline company's stock after acquiring an additional 20,383 shares during the quarter. Kestra Advisory Services LLC's holdings in Kinder Morgan were worth $9,659,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Morton Capital Management LLC CA boosted its holdings 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 valued at $1,084,000 after acquiring an additional 377 shares during the period. Frank Rimerman Advisors LLC raised its holdings in Kinder Morgan by 0.8% in 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 in the last quarter. Diligent Investors LLC lifted its position in Kinder Morgan by 1.5% during the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock valued at $715,000 after acquiring an additional 381 shares during the last quarter. Signaturefd LLC boosted its position in shares of Kinder Morgan by 1.8% in the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after purchasing an additional 381 shares in the last quarter. Finally, Aspiriant LLC grew its stake in shares of Kinder Morgan by 1.7% during the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock worth $677,000 after acquiring an additional 396 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research analyst reports. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Friday, July 25th. 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. Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating for the company. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research report on Monday, July 7th. Finally, TD Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the transaction, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 sale, the chief financial officer directly owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,842 shares of company stock valued at $3,896,180 over the last ninety days. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

KMI stock traded up $0.17 during mid-day trading on Thursday, reaching $27.00. The company's stock had a trading volume of 11,851,714 shares, compared to its average volume of 14,550,211. Kinder Morgan, Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $31.48. The stock has a market cap of $59.98 billion, a PE ratio of 22.13, a P/E/G ratio of 3.37 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company's 50 day moving average is $27.58 and its two-hundred day moving average is $27.32.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the prior year, the business earned $0.26 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current 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 given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.3%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is presently 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.