Kinder Morgan, Inc. $KMI Stock Holdings Lessened by IFP Advisors Inc

Key Points

• IFP Advisors Inc has reduced its holdings in Kinder Morgan, Inc. by 40.7%, resulting in ownership of 46,736 shares valued at approximately $1.5 million.
• Analysts maintain a consensus rating of "Moderate Buy" for Kinder Morgan, with an average target price of $30.88 and recent upgrades from JPMorgan and BMO Capital Markets.
• Kinder Morgan recently reported a net margin of 17.06% and a revenue increase of 13.2% year-over-year, alongside a quarterly dividend yield of 4.3%.

IFP Advisors Inc reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 40.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 46,736 shares of the pipeline company's stock after selling 32,077 shares during the quarter. IFP Advisors Inc's holdings in Kinder Morgan were worth $1,498,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position 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. lifted its position 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 lifted its position 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 worth $428,018,000 after buying an additional 290,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 during the last quarter. Finally, Amundi lifted its position in 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 during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KMI shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Kinder Morgan in a research report on Wednesday. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating on the stock. Finally, BMO Capital Markets started coverage on shares of Kinder Morgan in a research 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 eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.88.

Kinder Morgan Stock Down 1.5%

KMI stock opened at $27.12 on Friday. Kinder Morgan, Inc. has a 52 week low of $23.86 and a 52 week high of $31.48. The company has a market capitalization of $60.25 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. The firm's 50-day moving average is $27.26 and its two-hundred day moving average is $27.44. 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 (NYSE:KMI - Get Free Report) last released its quarterly earnings results 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 net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm earned $0.26 EPS. Kinder Morgan's 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. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 annualized dividend and a dividend yield of 4.3%. Kinder Morgan's payout ratio is currently 95.90%.

Insider Buying and Selling

In other news, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the transaction, the chief financial officer directly owned 159,428 shares of the company's stock, valued at $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.