Meridian Wealth Management LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 9.3% in the 4th quarter, Holdings Channel reports. The fund owned 198,992 shares of the pipeline company’s stock after purchasing an additional 16,971 shares during the quarter. Meridian Wealth Management LLC’s holdings in Kinder Morgan were worth $5,470,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of KMI. AQR Capital Management LLC increased its holdings in shares of Kinder Morgan by 431.9% in the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after acquiring an additional 5,333,986 shares in the last quarter. Merewether Investment Management LP acquired a new stake in shares of Kinder Morgan during the second quarter worth $138,477,000. Zimmer Partners LP raised its holdings in shares of Kinder Morgan by 177.8% during the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after acquiring an additional 3,885,000 shares during the period. Holocene Advisors LP acquired a new stake in shares of Kinder Morgan during the third quarter worth $77,662,000. Finally, Vanguard Group Inc. raised its holdings in shares of Kinder Morgan by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock worth $5,780,637,000 after acquiring an additional 2,165,130 shares during the period. 62.52% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on KMI shares. 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 started coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective on the stock. Royal Bank Of Canada raised their price objective on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.
Kinder Morgan Trading Up 2.8%
NYSE KMI opened at $32.28 on Tuesday. The stock has a market capitalization of $71.82 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.69 and a beta of 0.56. The stock’s 50 day moving average price is $32.78 and its two-hundred day moving average price is $29.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.73.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the prior year, the business posted $0.34 EPS. The company’s quarterly 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. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.
Kinder Morgan Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be paid a dividend of $0.2975 per share. The ex-dividend date is Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is currently 79.87%.
Insider Transactions at Kinder Morgan
In related news, VP Anthony B. Ashley sold 8,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the sale, the vice president directly owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $31.72, for a total value of $49,166.00. Following the sale, the vice president directly owned 44,843 shares of the company’s stock, valued at approximately $1,422,419.96. The trade was a 3.34% 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 a total of 29,598 shares of company stock worth $966,877 in the last three months. Insiders own 12.72% of the company’s stock.
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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