Vanguard Capital Wealth Advisors Reduces Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Vanguard Capital Wealth Advisors significantly reduced its stake in Kinder Morgan, Inc. by 61.7%, owning just 7,537 shares after selling 12,140 shares in the second quarter.
• Kinder Morgan reported $0.28 earnings per share for the quarter, meeting analysts' expectations, and achieved a revenue increase of 13.2% year-over-year with total revenues of $4.04 billion.
• The company also declared a quarterly dividend of $0.2925 per share, resulting in an annualized rate of $1.17 and a dividend yield of 4.3%.

Vanguard Capital Wealth Advisors decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 61.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,537 shares of the pipeline company's stock after selling 12,140 shares during the period. Vanguard Capital Wealth Advisors' holdings in Kinder Morgan were worth $222,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Sierra Ocean LLC raised its holdings in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $26,000. JNBA Financial Advisors lifted its position in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 870 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $29,000. Finally, Grove Bank & Trust lifted its position in shares of Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 1,078 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Price Performance

KMI opened at $27.46 on Friday. The company has a 50-day moving average of $27.17 and a 200-day moving average of $27.38. The company has a market capitalization of $61.02 billion, a P/E ratio of 22.51, a PEG ratio of 3.22 and a beta of 0.81. Kinder Morgan, Inc. has a 1-year low of $21.45 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its 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. 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. The company'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. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio is currently 95.90%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dax Sanders sold 30,127 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president directly owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research reports. Scotiabank reduced their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating for the company in a research report on Friday. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. TD Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 price objective for the company. Morgan Stanley set a $32.00 target price on shares of Kinder Morgan in a research note on Thursday. Finally, Barclays reaffirmed an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average target price of $31.06.

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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