Venture Visionary Partners LLC Sells 92,096 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Venture Visionary Partners LLC sold 92,096 shares of Kinder Morgan, reducing its holdings by 56.3%, leaving it with 71,402 shares valued at approximately $2.1 million.
• Insiders at Kinder Morgan have also been engaged in significant selling activities, with total insider sales reaching $3.55 million over the last 90 days, while company insiders own 12.73% of the stock.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, resulting in an annualized dividend of $1.17 and a yield of 4.1%, with a high payout ratio of 95.90%.

Venture Visionary Partners LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 56.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,402 shares of the pipeline company's stock after selling 92,096 shares during the period. Venture Visionary Partners LLC's holdings in Kinder Morgan were worth $2,099,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after buying an additional 1,302,794 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of 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 acquiring an additional 5,529,065 shares during the period. Deutsche Bank AG boosted its stake in shares of Kinder Morgan by 2.0% in the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock valued at $428,018,000 after purchasing an additional 290,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kinder Morgan by 19.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company's stock worth $380,145,000 after purchasing an additional 2,144,307 shares during the last quarter. Finally, Amundi increased its position in shares of Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock worth $353,785,000 after purchasing an additional 943,023 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the 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 completion of the transaction, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,008 shares of company stock valued at $3,553,982 over the last 90 days. Company insiders own 12.73% of the company's stock.

Kinder Morgan Trading Down 0.1%

KMI stock opened at $28.33 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a twelve month low of $22.01 and a twelve month high of $31.48. The company has a market cap of $62.95 billion, a P/E ratio of 23.22, a PEG ratio of 3.33 and a beta of 0.81. The business has a fifty day moving average of $27.20 and a 200-day moving average of $27.45.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.1%. Kinder Morgan's payout ratio is currently 95.90%.

Analysts Set New Price Targets

KMI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Stifel Nicolaus increased 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. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Friday, July 25th. BMO Capital Markets assumed coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an "outperform" rating and a $32.00 price objective on the stock. Finally, TD Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus price target of $31.06.

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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