Adams Natural Resources Fund Inc. Sells 255,800 Shares of Kinder Morgan, Inc. $KMI

Adams Natural Resources Fund Inc. reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 37.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 433,292 shares of the pipeline company’s stock after selling 255,800 shares during the quarter. Kinder Morgan makes up approximately 1.7% of Adams Natural Resources Fund Inc.’s holdings, making the stock its 14th biggest holding. Adams Natural Resources Fund Inc.’s holdings in Kinder Morgan were worth $14,528,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KMI. Cornerstone Wealth Group LLC grew its holdings in Kinder Morgan by 14.8% in the 1st quarter. Cornerstone Wealth Group LLC now owns 8,768 shares of the pipeline company’s stock worth $277,000 after acquiring an additional 1,130 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Kinder Morgan by 4.9% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 2,029,519 shares of the pipeline company’s stock valued at $68,050,000 after acquiring an additional 95,388 shares during the period. Realta Investment Advisors bought a new position in shares of Kinder Morgan during the first quarter valued at about $242,000. Venturi Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 26.9% during the first quarter. Venturi Wealth Management LLC now owns 12,012 shares of the pipeline company’s stock worth $403,000 after purchasing an additional 2,545 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Kinder Morgan by 60.5% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,142 shares of the pipeline company’s stock worth $407,000 after purchasing an additional 4,578 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday. Royal Bank Of Canada increased their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Citigroup lifted their price objective on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Jefferies Financial Group reduced their target price on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Finally, Truist Financial started coverage on Kinder Morgan in a research note on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.71.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $33.19 on Friday. The company has a 50 day simple moving average of $32.16 and a two-hundred day simple moving average of $31.10. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a market capitalization of $73.84 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.76 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

Kinder Morgan (NYSE:KMI) last issued its quarterly 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. The firm 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. 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 issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.6%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s dividend payout ratio is presently 79.87%.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Friday, June 5th. The stock was 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 of the company’s stock, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s 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 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 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 three months. Corporate insiders own 12.72% of the company’s stock.

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.