Prime Capital Investment Advisors LLC Sells 20,109 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in Kinder Morgan, Inc. by 21.7% during the second quarter, selling 20,109 shares and now holding 72,579 shares valued at approximately $2.13 million.
• Insider trading included Director Amy W. Chronis purchasing 2,759 shares for about $75,072, while CFO David Michels sold 40,000 shares for $1.13 million, reflecting significant changes in ownership.
• Analysts have a consensus rating of "Moderate Buy" for Kinder Morgan, with a target price averaging $31.25, and the company recently announced a quarterly dividend of $0.2925 per share.

Prime Capital Investment Advisors LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 21.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,579 shares of the pipeline company's stock after selling 20,109 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Kinder Morgan were worth $2,134,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KMI. Brighton Jones LLC bought a new stake in shares of Kinder Morgan in the fourth quarter worth $308,000. Miracle Mile Advisors LLC lifted its position in shares of Kinder Morgan by 6.3% in the first quarter. Miracle Mile Advisors LLC now owns 12,215 shares of the pipeline company's stock worth $348,000 after purchasing an additional 729 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Kinder Morgan by 20.6% during the first quarter. Park Avenue Securities LLC now owns 84,552 shares of the pipeline company's stock worth $2,412,000 after buying an additional 14,448 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Kinder Morgan by 166.0% in the first quarter. Farther Finance Advisors LLC now owns 57,353 shares of the pipeline company's stock valued at $1,642,000 after purchasing an additional 35,789 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its position in shares of Kinder Morgan by 13.4% in the first quarter. Pallas Capital Advisors LLC now owns 21,240 shares of the pipeline company's stock valued at $606,000 after acquiring an additional 2,507 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,759 shares of the company's stock in a transaction on Monday, July 28th. The shares were acquired at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the purchase, the director owned 34,764 shares in the company, valued at approximately $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction 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 owned 159,428 shares in the company, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Kinder Morgan in a research report on Saturday, September 27th. Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. 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 report on Friday, July 25th. Finally, Barclays reaffirmed an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $31.25.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $28.01 on Wednesday. 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 stock's fifty day simple moving average is $27.28 and its two-hundred day simple moving average is $27.46. Kinder Morgan, Inc. has a 1-year low of $23.06 and a 1-year high of $31.48. The stock has a market cap of $62.23 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 3.28 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share 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 business had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the business earned $0.26 EPS. The business'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. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.2%. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

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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