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

Key Points

• NewEdge Advisors LLC sold 38,111 shares of Kinder Morgan, reducing its holdings by 12.6%, leaving it with a total of 265,290 shares valued at approximately $7.57 million.
• Kinder Morgan reported quarterly earnings of $0.28 per share, matching consensus estimates, with revenues reaching $4.04 billion, significantly higher than analysts' expectations.
• Recent analyst reports have upgraded Kinder Morgan's stock prices, with target price increases from $27 to $32, and the stock holds a consensus rating of "Moderate Buy".

NewEdge Advisors LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,290 shares of the pipeline company's stock after selling 38,111 shares during the quarter. NewEdge Advisors LLC's holdings in Kinder Morgan were worth $7,569,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Westwood Holdings Group Inc. boosted its stake in shares of Kinder Morgan by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock worth $183,793,000 after acquiring an additional 794,388 shares in the last quarter. Burney Co. lifted 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 valued at $12,612,000 after buying an additional 252,736 shares in the last quarter. Aberdeen Group plc lifted its stake in Kinder Morgan by 35.2% in 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 in the last quarter. AdvisorNet Financial Inc lifted its stake in Kinder Morgan by 402.5% in 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 in the last quarter. Finally, Siemens Fonds Invest GmbH lifted its stake in Kinder Morgan by 127.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 27,978 shares of the pipeline company's stock valued at $767,000 after buying an additional 15,662 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Scotiabank raised their price target 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 price target on the stock in a research note on Friday, July 25th. Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. TD Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 price target on the stock. Finally, Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research note on Monday, July 7th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Kinder Morgan Price Performance

KMI stock traded up $0.01 during mid-day trading on Friday, reaching $27.58. The company's stock had a trading volume of 8,664,933 shares, compared to its average volume of 11,850,534. The stock has a market cap of $61.28 billion, a PE ratio of 22.61, a P/E/G ratio of 3.23 and a beta of 0.81. 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 fifty-two week low of $20.97 and a fifty-two week high of $31.48. The company's 50 day moving average is $27.22 and its two-hundred day moving average is $27.36.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting analysts' consensus estimates of $0.28. The company had revenue of $4.04 billion during 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%. Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued 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 dividend yield of 4.2%. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,759 shares of the business's stock in a transaction dated Monday, July 28th. The stock was acquired at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the acquisition, the director directly owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer owned 159,428 shares of the company's stock, valued at $4,494,275.32. This represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,008 shares of company stock worth $3,553,982. 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.