WBI Investments LLC Has $1.78 Million Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• WBI Investments LLC reduced its stake in Kinder Morgan, Inc. by 50.7%, holding 62,464 shares worth approximately $1.78 million after selling 64,196 shares in the first quarter.
• In recent insider activity, Director Amy W. Chronis purchased 2,759 shares, increasing her position by 8.62%, while VP Sital K. Mody sold 45,549 shares worth over $1.27 million.
• Wall Street analysts have positive outlooks on Kinder Morgan, with an average price target of $31.20 and several analysts issuing 'Buy' ratings.

WBI Investments LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 50.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,464 shares of the pipeline company's stock after selling 64,196 shares during the quarter. WBI Investments LLC's holdings in Kinder Morgan were worth $1,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Morton Capital Management LLC CA lifted its holdings in shares of Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after buying an additional 377 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Kinder Morgan by 0.8% during the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock worth $1,396,000 after buying an additional 378 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Kinder Morgan by 1.8% during the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after buying an additional 381 shares in the last quarter. Aspiriant LLC lifted its holdings in shares of Kinder Morgan by 1.7% during the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock worth $677,000 after buying an additional 396 shares in the last quarter. Finally, Presima Securities ULC lifted its holdings in shares of Kinder Morgan by 0.9% during the first quarter. Presima Securities ULC now owns 46,796 shares of the pipeline company's stock worth $1,335,000 after buying an additional 396 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of the firm's stock in a transaction on Monday, July 28th. The shares were purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,008 shares of company stock valued at $3,553,982. Company insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KMI shares. Barclays restated an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research report on Monday, July 7th. Scotiabank raised 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, Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Nine investment 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, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $27.33 on Thursday. Kinder Morgan, Inc. has a 12-month low of $20.56 and a 12-month high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The business's 50-day moving average price is $27.25 and its two-hundred day moving average price is $27.33. The stock has a market cap of $60.72 billion, a PE ratio of 22.40, a P/E/G ratio of 3.13 and a beta of 0.81.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the business posted $0.26 earnings per share. The business's revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

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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