Strategic Blueprint LLC Has $1.34 Million Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Strategic Blueprint LLC reduced its holdings in Kinder Morgan, Inc. by 34%, owning 45,705 shares worth approximately $1.34 million after selling 23,549 shares during the second quarter.
• Kinder Morgan reported earnings per share (EPS) of $0.29 for the latest quarter, meeting consensus estimates, with revenue of $4.15 billion, up 12.1% year-over-year.
• The company declared a quarterly dividend of $0.2925 per share, representing a 4.5% yield, with the payout ratio currently at 95.90%.

Strategic Blueprint LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 34.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,705 shares of the pipeline company's stock after selling 23,549 shares during the period. Strategic Blueprint LLC's holdings in Kinder Morgan were worth $1,344,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in KMI. Nuveen LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $205,966,000. 59 North Capital Management LP acquired a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $195,658,000. Goldman Sachs Group Inc. boosted its position in shares of Kinder Morgan by 37.5% during the 1st 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 in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Kinder Morgan by 55.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company's stock worth $250,057,000 after acquiring an additional 3,037,095 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $68,124,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Price Performance

KMI stock opened at $25.88 on Friday. The company has a fifty day moving average price of $27.28 and a 200-day moving average price of $27.43. The company has a market capitalization of $57.51 billion, a P/E ratio of 21.21, a PEG ratio of 3.07 and a beta of 0.78. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.5%. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research report on Thursday, October 9th. TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 9th. They issued a "hold" rating and a $30.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $31.13.

Insider Activity

In other news, EVP Dax Sanders sold 30,127 shares of the firm's stock in a transaction on Monday, August 11th. The shares were 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 owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the transaction, the vice president directly owned 219,702 shares of the company's stock, valued at $6,189,005.34. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan 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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