Ibex Wealth Advisors Has $18.82 Million Position in Kinder Morgan, Inc. $KMI

Ibex Wealth Advisors raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 561,238 shares of the pipeline company’s stock after acquiring an additional 20,263 shares during the quarter. Kinder Morgan makes up 1.8% of Ibex Wealth Advisors’ portfolio, making the stock its 12th largest holding. Ibex Wealth Advisors’ holdings in Kinder Morgan were worth $18,818,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. TD Capital Management LLC boosted its holdings in shares of Kinder Morgan by 36.0% in the 4th quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 323 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Kinder Morgan by 13.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock valued at $79,000 after purchasing an additional 329 shares in the last quarter. Abel Hall LLC raised its position in Kinder Morgan by 4.0% in the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 330 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Kinder Morgan by 4.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock worth $232,000 after purchasing an additional 333 shares in the last quarter. Finally, Waddell & Associates LLC boosted its stake in Kinder Morgan by 1.3% in the fourth quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock worth $720,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Scotiabank upped their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Jefferies Financial Group dropped their target price on shares of 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 lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Royal Bank Of Canada increased their price target on shares of 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, The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.71.

Insider Activity

In other news, 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 transaction of $48,732.00. Following the completion of the sale, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. The trade was a 3.62% 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. Insiders sold 23,148 shares of company stock valued at $742,855 over the last 90 days. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Down 0.3%

Shares of Kinder Morgan stock opened at $32.39 on Friday. The business has a fifty day simple moving average of $32.24 and a 200 day simple moving average of $31.47. The stock has a market cap of $72.06 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.54. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81.

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

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.2975 dividend. 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. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. Kinder Morgan’s payout ratio is presently 79.87%.

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.