Kinder Morgan, Inc. $KMI Shares Sold by MSH Capital Advisors LLC

Key Points

• MSH Capital Advisors LLC reduced its stake in Kinder Morgan by 26.9% during the second quarter, holding 34,450 shares valued at approximately $1,013,000.
• In the first quarter, several institutional investors increased their positions in Kinder Morgan, with Vanguard Group and Goldman Sachs showing significant increases in their holdings.
• Kinder Morgan reported a revenue increase of 13.2% year-over-year, posting $4.04 billion for the quarter, along with an earnings per share (EPS) of $0.28, meeting analysts' expectations.

MSH Capital Advisors LLC trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 26.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,450 shares of the pipeline company's stock after selling 12,700 shares during the period. MSH Capital Advisors LLC's holdings in Kinder Morgan were worth $1,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Kinder Morgan by 0.6% during the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after acquiring an additional 1,302,794 shares during the period. Goldman Sachs Group Inc. grew its holdings in Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after acquiring an additional 5,529,065 shares during the period. Deutsche Bank AG grew its holdings in Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock worth $428,018,000 after acquiring an additional 290,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kinder Morgan by 19.2% during the first 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 worth $380,145,000 after acquiring an additional 2,144,307 shares during the period. Finally, Amundi grew its holdings in Kinder Morgan by 8.0% during the first quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock worth $353,785,000 after acquiring an additional 943,023 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $28.14 on Thursday. Kinder Morgan, Inc. has a one year low of $23.19 and a one year high of $31.48. The company has a market cap of $62.53 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 3.29 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The business's 50 day moving average price is $27.29 and its 200 day moving average price is $27.47.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the business posted $0.26 earnings per share. The firm's 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. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business 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. The ex-dividend date 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 (DPR) is presently 95.90%.

Analysts Set New Price Targets

KMI has been the topic of several research analyst reports. Barclays reissued an "overweight" rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Morgan Stanley raised their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, October 1st. Weiss Ratings reissued a "buy (b)" rating on shares of Kinder Morgan in a report on Wednesday. Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. Finally, BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They issued an "outperform" rating and a $32.00 price objective on the stock. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $31.25.

Insider Activity

In related news, Director Amy W. Chronis acquired 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The shares were purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares in the company, valued at $945,928.44. This represents a 8.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Insiders have sold a total of 134,174 shares of company stock valued at $3,727,678 in the last 90 days. 12.73% of the stock is owned by insiders.

Kinder Morgan Company 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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