Kinder Morgan, Inc. $KMI Shares Purchased by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 20.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,471 shares of the pipeline company’s stock after purchasing an additional 21,994 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Kinder Morgan were worth $4,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan during the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $27,000. Acumen Wealth Advisors LLC acquired a new position in Kinder Morgan in the 4th quarter worth $28,000. Dorato Capital Management acquired a new position in Kinder Morgan in the 4th quarter worth $30,000. Finally, Basepoint Wealth LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,238,235.20. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was 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 approximately $1,312,399.92. This represents a 3.58% 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. In the last ninety days, insiders sold 23,148 shares of company stock worth $742,855. Corporate insiders own 12.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KMI shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Jefferies Financial Group reduced their price target on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. UBS Group restated a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Truist Financial initiated coverage on Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 target price for the company. Finally, Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.71.

Kinder Morgan Stock Up 1.1%

NYSE:KMI opened at $32.58 on Wednesday. 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 stock has a 50 day moving average of $32.23 and a 200-day moving average of $31.58. The firm has a market capitalization of $72.49 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.68 and a beta of 0.54. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI) last released 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 during the quarter, compared to analyst estimates 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 quarter 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 predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently declared 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. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s payout ratio is currently 79.87%.

Kinder Morgan 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.