Cornerstone Capital sold shares in Kinder Morgan, which reported lower-than-expected Q3 earnings.

Cornerstone Capital Inc. reduced its holdings in Kinder Morgan, Inc. (KMI), selling 2,630 shares in Q3, leaving it with 413,900 shares. Other investors, including Vanguard and Kayne Anderson, increased their stakes. KMI reported Q3 earnings of $0.25 per share, below estimates, and announced a quarterly dividend of $0.2875. Analysts have set Kinder Morgan's average price target at $25.09, with a consensus rating of "Moderate Buy."

November 05, 2024
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