Venture Visionary Partners LLC Has $4.67 Million Stock Position in Kinder Morgan, Inc. $KMI

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Venture Visionary Partners LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 69.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,498 shares of the pipeline company's stock after selling 379,442 shares during the quarter. Venture Visionary Partners LLC's holdings in Kinder Morgan were worth $4,665,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Nuveen LLC purchased a new stake in shares of Kinder Morgan during the first quarter worth $205,966,000. Goldman Sachs Group Inc. raised its holdings in Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after buying an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Kinder Morgan by 212.5% in the first quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after buying an additional 3,718,521 shares during the last quarter. Blackstone Inc. lifted its position in shares of Kinder Morgan by 435.0% in the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after buying an additional 3,543,670 shares during the last quarter. Finally, Zimmer Partners LP acquired a new stake in shares of Kinder Morgan in the fourth quarter worth about $62,499,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 price target for the company. Scotiabank boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Finally, Stifel Nicolaus boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded up $0.2070 during midday trading on Thursday, hitting $26.7770. The company's stock had a trading volume of 11,632,668 shares, compared to its average volume of 16,439,179. The stock has a market capitalization of $59.50 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 3.36 and a beta of 0.78. The stock's 50 day simple moving average is $27.66 and its 200 day simple moving average is $27.34. Kinder Morgan, Inc. has a fifty-two week low of $20.56 and a fifty-two week 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 analysts' consensus estimates 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 the consensus estimate of $3.75 billion. During the same period last year, the business earned $0.26 earnings per share. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio is currently 95.90%.

Insider Buying and Selling

In related news, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $814,935.35. Following the sale, the executive vice president directly owned 292,000 shares of the company's stock, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,842 shares of company stock worth $3,896,180. 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.