IFP Advisors Inc grew its stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 41.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,235 shares of the pipeline company’s stock after purchasing an additional 18,445 shares during the period. IFP Advisors Inc’s holdings in Kinder Morgan were worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Board of the Pension Protection Fund purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Dorato Capital Management purchased a new position in Kinder Morgan in the fourth quarter worth approximately $30,000. Strategic Advocates LLC purchased a new position in Kinder Morgan in the third quarter worth approximately $32,000. Torren Management LLC purchased a new position in Kinder Morgan in the fourth quarter worth approximately $32,000. Finally, Lodestone Wealth Management LLC purchased a new position in Kinder Morgan in the fourth quarter worth approximately $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Mizuho increased their price objective on Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Royal Bank Of Canada increased their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Jefferies Financial Group lowered their price objective on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Scotiabank increased their price objective on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Finally, Stifel Nicolaus increased their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, March 13th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.
Kinder Morgan Stock Up 0.9%
NYSE:KMI opened at $33.80 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The stock’s fifty day moving average is $32.78 and its two-hundred day moving average is $30.22. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The stock has a market capitalization of $75.19 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 2.87 and a beta of 0.56.
Kinder Morgan (NYSE:KMI – Get Free Report) last released its quarterly earnings results 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 return on equity of 9.90% and a net margin of 18.92%.The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts anticipate 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. Shareholders of record on Monday, May 4th were paid a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s payout ratio is currently 79.87%.
Insiders Place Their Bets
In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $32.93, for a total transaction of $203,046.38. Following the transaction, the vice president directly owned 182,706 shares in the company, valued at $6,016,508.58. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president owned 43,293 shares in the company, valued at $1,456,809.45. This trade represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,148 shares of company stock worth $763,434 over the last 90 days. 12.72% of the stock is owned by insiders.
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.
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