BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 38.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,641 shares of the pipeline company’s stock after selling 51,304 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Kinder Morgan were worth $2,244,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Providence Capital Advisors LLC acquired a new position in Kinder Morgan during the 3rd quarter valued at about $2,674,000. Meixler Investment Management Ltd. bought a new stake in shares of Kinder Morgan in the 3rd quarter worth approximately $1,882,000. HighTower Advisors LLC raised its holdings in shares of Kinder Morgan by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock worth $34,874,000 after purchasing an additional 46,396 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in shares of Kinder Morgan by 15.6% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock worth $352,519,000 after purchasing an additional 1,682,241 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in shares of Kinder Morgan by 12.9% in the 3rd quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company’s stock worth $24,605,000 after purchasing an additional 99,540 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently commented on KMI shares. Morgan Stanley boosted their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Jefferies Financial Group dropped 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. Zacks Research upgraded shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Truist Financial began 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. Finally, Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.20.
Insider Buying and Selling at Kinder Morgan
In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares in the company, valued at $5,423,004.42. This represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president owned 43,293 shares of the company’s stock, valued at approximately $1,456,809.45. The trade was a 3.46% 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. Over the last ninety days, insiders have sold 23,148 shares of company stock valued at $752,089. 12.72% of the stock is owned by insiders.
Kinder Morgan News Roundup
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: KMI was highlighted as one of the top energy dividend stocks for income investors, reinforcing its appeal as a dependable yield play in a volatile oil market. Want Income? Buy These 3 Top Energy Dividend Stocks Now
- Positive Sentiment: Analysts still rate Kinder Morgan a “Moderate Buy” on average, suggesting Wall Street remains broadly constructive on the stock’s longer-term outlook. Kinder Morgan, Inc. (NYSE:KMI) Receives Average Recommendation of “Moderate Buy” from Analysts
- Neutral Sentiment: KMI drew elevated investor attention on Zacks as one of the most searched stocks, which can signal growing interest but does not by itself change fundamentals. Investors Heavily Search Kinder Morgan, Inc. (KMI): Here is What You Need to Know
- Neutral Sentiment: Reports say the company is underperforming the broader energy sector, while analysts remain somewhat optimistic, pointing to a mixed near-term setup rather than a clear catalyst. Kinder Morgan Stock: Is KMI Underperforming the Energy Sector?
- Negative Sentiment: Recent commentary on Kinder Morgan’s narrative showed mixed analyst target changes, including at least one lowered price target, which may have weighed on sentiment. How The Kinder Morgan (KMI) Narrative Is Evolving With Mixed Analyst Targets And New Projects
- Negative Sentiment: The stock also declined in the latest session, reflecting some profit-taking or broader market rotation despite the company’s income-stock appeal. Kinder Morgan (KMI) Stock Falls Amid Market Uptick: What Investors Need to Know
Kinder Morgan Price Performance
NYSE KMI opened at $31.29 on Tuesday. 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 fifty day simple moving average of $32.43 and a 200 day simple moving average of $30.64. The company has a market cap of $69.61 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.64 and a beta of 0.54. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. Kinder Morgan’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side 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 dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. This is an increase 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.
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