Geneos Wealth Management Inc. Reduces Stake in Kinder Morgan, Inc. $KMI

Geneos Wealth Management Inc. cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 328,760 shares of the pipeline company’s stock after selling 23,620 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Kinder Morgan were worth $11,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Kinder Morgan in the first quarter valued at about $67,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in Kinder Morgan during the first quarter worth about $219,000. Sanctuary Advisors LLC raised its stake in Kinder Morgan by 0.7% during the first quarter. Sanctuary Advisors LLC now owns 828,971 shares of the pipeline company’s stock worth $27,795,000 after purchasing an additional 5,404 shares during the period. Adell Harriman & Carpenter Inc. boosted its holdings in Kinder Morgan by 20.1% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 131,471 shares of the pipeline company’s stock valued at $4,408,000 after purchasing an additional 21,994 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in Kinder Morgan by 10.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 21,699 shares of the pipeline company’s stock valued at $728,000 after purchasing an additional 2,062 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KMI shares. Scotiabank raised their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. UBS Group reiterated a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Jefferies Financial Group cut their target price on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of “Hold” and an average price target of $34.71.

Insider Activity

In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,721,661.40. The trade was a 3.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 21,598 shares of company stock worth $693,689. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $32.20 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The firm has a market cap of $71.65 billion, a P/E ratio of 21.61, a P/E/G ratio of 2.71 and a beta of 0.54. The firm’s 50 day moving average price is $32.25 and its 200-day moving average price is $31.62. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $4.55 billion. During the same quarter last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is presently 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.