Burney Co. Cuts Stake in Kinder Morgan, Inc. $KMI

Burney Co. lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 172,334 shares of the pipeline company’s stock after selling 18,864 shares during the quarter. Burney Co.’s holdings in Kinder Morgan were worth $5,778,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Board of the Pension Protection Fund purchased a new stake in Kinder Morgan during the 4th quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Acumen Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth $28,000. Dorato Capital Management bought a new position in shares of Kinder Morgan during the fourth quarter worth $30,000. Finally, Basepoint Wealth LLC purchased a new position in Kinder Morgan during the fourth quarter valued at $30,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 1.2%

Shares of NYSE:KMI opened at $31.69 on Tuesday. The company has a market cap of $70.50 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.67 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 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 50-day moving average price of $32.18 and a 200 day moving average price of $31.31.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. 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 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given 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 dividend payout ratio is presently 79.87%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the sale, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. This represents a 3.62% 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 have sold a total of 23,148 shares of company stock worth $742,855 in the last 90 days. 12.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KMI has been the topic of several research analyst reports. Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Citigroup raised their price objective on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Stifel Nicolaus lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Royal Bank Of Canada increased their price target on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Finally, Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.71.

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.