Fund Advisors of America Inc FL Takes Position in Kinder Morgan, Inc. $KMI

Fund Advisors of America Inc FL purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,635 shares of the pipeline company’s stock, valued at approximately $650,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors lifted its holdings in shares of Kinder Morgan by 26.4% during the fourth quarter. World Investment Advisors now owns 83,443 shares of the pipeline company’s stock valued at $2,294,000 after purchasing an additional 17,429 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $339,000. Bayban bought a new stake in Kinder Morgan in the 4th quarter worth about $126,000. Pure Financial Advisors LLC raised its position in Kinder Morgan by 8.6% in the 4th quarter. Pure Financial Advisors LLC now owns 7,889 shares of the pipeline company’s stock worth $217,000 after buying an additional 624 shares during the last quarter. Finally, SHP Wealth Management purchased a new position in Kinder Morgan in the 4th quarter worth about $64,000. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Truist Financial assumed coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective for the company. Barclays restated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Royal Bank Of Canada lifted their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Finally, UBS Group reiterated a “buy” rating and set a $43.00 target price on shares of Kinder Morgan in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.53.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the transaction, the vice president owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. This represents a 3.37% 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 sold 23,148 shares of company stock worth $749,206 over the last 90 days. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $31.58 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 company has a market cap of $70.27 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.63 and a beta of 0.54. The company’s 50 day moving average is $32.11 and its 200 day moving average is $30.91. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.38 by $0.10. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.Kinder Morgan’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is presently 79.87%.

About Kinder Morgan

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.