Kinder Morgan, Inc. $KMI Shares Sold by WealthTrust Axiom LLC

Key Points

• WealthTrust Axiom LLC reduced its stake in Kinder Morgan, Inc. by 6.2% during the first quarter, now holding 514,031 shares worth $14.67 million.
• Kinder Morgan reported $0.28 EPS for the quarter, in line with consensus estimates, and a notable 13.2% year-over-year revenue increase to $4.04 billion.
• The company declared a quarterly dividend of $0.2925 per share, yielding 4.4%, with a high dividend payout ratio of 95.90%.

WealthTrust Axiom LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 514,031 shares of the pipeline company's stock after selling 33,771 shares during the period. Kinder Morgan comprises about 4.5% of WealthTrust Axiom LLC's investment portfolio, making the stock its 2nd biggest holding. WealthTrust Axiom LLC's holdings in Kinder Morgan were worth $14,665,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. boosted its stake in Kinder Morgan by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock worth $183,793,000 after purchasing an additional 794,388 shares during the period. Bridgewealth Advisory Group LLC acquired a new position in Kinder Morgan in the 4th quarter worth approximately $377,000. Burney Co. boosted its stake in Kinder Morgan by 133.5% in the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after purchasing an additional 252,736 shares during the period. Aberdeen Group plc boosted its stake in shares of Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock valued at $66,581,000 after buying an additional 609,748 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in shares of Kinder Morgan by 402.5% during the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock valued at $1,124,000 after buying an additional 31,553 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Down 0.6%

Kinder Morgan stock opened at $26.6680 on Monday. The company has a market capitalization of $59.26 billion, a P/E ratio of 21.86, a P/E/G ratio of 3.38 and a beta of 0.78. The firm's fifty day simple moving average is $27.64 and its 200-day simple moving average is $27.33. 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 1-year low of $20.56 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research note on Monday, July 7th. Barclays reissued an "overweight" rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Scotiabank lifted 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 note on Friday, July 18th. 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 note on Friday, July 25th. Finally, Royal Bank Of Canada lifted 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 note on Tuesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan 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 transaction, the vice president owned 232,034 shares in the company, valued at $6,450,545.20. This trade represents a 2.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 139,842 shares of company stock worth $3,896,180. Corporate insiders own 12.73% of the company's stock.

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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