Alps Advisors Inc. Raises Position in Kinder Morgan, Inc. $KMI

Alps Advisors Inc. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,877,192 shares of the pipeline company’s stock after buying an additional 99,956 shares during the quarter. Alps Advisors Inc.’s holdings in Kinder Morgan were worth $51,604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KMI. Board of the Pension Protection Fund purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $27,000. Dorato Capital Management purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $30,000. Basepoint Wealth LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $30,000. Finally, Strategic Advocates LLC purchased a new stake in Kinder Morgan during the third quarter valued at approximately $32,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 1.4%

Shares of NYSE KMI opened at $31.38 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $69.81 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.65 and a beta of 0.54. The stock’s fifty day simple moving average is $32.30 and its two-hundred day simple moving average is $30.74. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. The business had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a dividend of $0.2975 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan’s payout ratio is 79.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KMI shares. Citigroup upped their price objective on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Mizuho increased their price target on Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Truist Financial assumed coverage on Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target on the stock. Scotiabank increased their price objective on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 26th. Finally, Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.20.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the sale, the vice president owned 43,293 shares of the company’s stock, valued at approximately $1,456,809.45. This trade represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the sale, the vice president directly owned 170,374 shares in the company, valued at $5,423,004.42. This trade represents a 3.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 23,148 shares of company stock worth $752,089 in the last ninety days. Insiders own 12.72% of the company’s stock.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.