Fisher Funds Management LTD Has $43.51 Million Stake in Kinder Morgan, Inc. $KMI

Fisher Funds Management LTD reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,297,651 shares of the pipeline company’s stock after selling 97,618 shares during the period. Kinder Morgan makes up approximately 1.3% of Fisher Funds Management LTD’s investment portfolio, making the stock its 24th biggest position. Fisher Funds Management LTD’s holdings in Kinder Morgan were worth $43,510,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KMI. Board of the Pension Protection Fund bought a new position in Kinder Morgan during the 4th quarter worth $27,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $28,000. Dorato Capital Management acquired a new stake in shares of Kinder Morgan during the 4th quarter worth $30,000. Finally, Basepoint Wealth LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $30,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KMI. Stifel Nicolaus boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Truist Financial started coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price on the stock. Jefferies Financial Group decreased their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Finally, Citigroup boosted their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. 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. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $34.53.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the completion of the transaction, the vice president directly owned 176,540 shares in the company, valued at approximately $5,721,661.40. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 23,148 shares of company stock valued at $749,206. 12.72% of the stock is owned by insiders.

Kinder Morgan Stock Down 0.0%

Shares of NYSE KMI opened at $31.58 on Monday. 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. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The stock has a 50-day moving average price of $32.11 and a two-hundred day moving average price of $30.94.

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

Kinder Morgan Increases Dividend

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

Kinder Morgan Company 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.