SVB Wealth LLC Increases Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• SVB Wealth LLC increased its stake in Kinder Morgan, Inc. by 65.8% during the 1st quarter, acquiring an additional 98,456 shares to hold a total of 248,034 shares valued at approximately $7,076,000.
• Insider trading included sales by VP Sital K. Mody and President Thomas A. Martin of 45,549 and 18,000 shares, respectively, indicating a decrease in ownership of the stock.
• Kinder Morgan recently declared a quarterly dividend of $0.2925, resulting in an annualized dividend yield of 4.4% with a payout ratio of 95.90%.

SVB Wealth LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 65.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 248,034 shares of the pipeline company's stock after buying an additional 98,456 shares during the quarter. SVB Wealth LLC's holdings in Kinder Morgan were worth $7,076,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in KMI. Brighton Jones LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $308,000. TD Waterhouse Canada Inc. grew its position in shares of Kinder Morgan by 9.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 14,876 shares of the pipeline company's stock worth $408,000 after buying an additional 1,248 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Kinder Morgan by 8.5% during the fourth quarter. OneDigital Investment Advisors LLC now owns 48,414 shares of the pipeline company's stock worth $1,327,000 after buying an additional 3,805 shares in the last quarter. MGO One Seven LLC boosted its position in shares of Kinder Morgan by 277.5% during the 4th quarter. MGO One Seven LLC now owns 74,151 shares of the pipeline company's stock worth $2,032,000 after acquiring an additional 54,506 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Kinder Morgan by 4.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 69,741 shares of the pipeline company's stock worth $1,911,000 after acquiring an additional 2,802 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMI has been the subject of several analyst reports. Barclays reaffirmed an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. TD Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Stifel Nicolaus increased their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. increased their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Price Performance

Kinder Morgan stock traded up $0.16 during mid-day trading on Thursday, hitting $26.99. 3,424,473 shares of the company were exchanged, compared to its average volume of 14,496,597. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The business's 50 day simple moving average is $27.58 and its two-hundred day simple moving average is $27.32. The company has a market capitalization of $59.96 billion, a P/E ratio of 22.12, a PEG ratio of 3.37 and a beta of 0.78. Kinder Morgan, Inc. has a 12-month low of $20.56 and a 12-month high of $31.48.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

Insider Activity at Kinder Morgan

In other news, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares of the company's stock, valued at $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan 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 completion of the sale, the chief financial officer directly owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,842 shares of company stock valued at $3,896,180 in the last ninety days. 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.