Royal Palms Capital LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 145,361 shares of the pipeline company’s stock, valued at approximately $3,996,000. Kinder Morgan accounts for approximately 4.7% of Royal Palms Capital LLC’s investment portfolio, making the stock its 6th biggest position.
Other hedge funds have also recently modified their holdings of the company. Board of the Pension Protection Fund acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $27,000. Dorato Capital Management acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $30,000. Strategic Advocates LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth $32,000. Torren Management LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $32,000. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $33,000. 62.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on KMI shares. Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Truist Financial began coverage on Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price for the company. Mizuho raised their target price on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Finally, Citigroup raised their target price on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $34.20.
Kinder Morgan Price Performance
Kinder Morgan stock opened at $32.93 on Wednesday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The business has a fifty day moving average of $32.78 and a two-hundred day moving average of $30.35. The company has a market cap of $73.26 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56.
Kinder Morgan (NYSE:KMI – Get Free Report) last released its 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. The company had revenue of $4.83 billion during 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%.Kinder Morgan’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal 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 paid a dividend of $0.2975 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio is presently 79.87%.
Insider Buying and Selling at Kinder Morgan
In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan 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 completion of the transaction, the vice president owned 182,706 shares of the company’s stock, valued at $6,016,508.58. The trade was a 3.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan 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 directly owned 43,293 shares of the company’s stock, valued at $1,456,809.45. This trade represents a 3.46% decrease in their position. 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 a total of 23,148 shares of company stock valued at $763,434 in the last ninety days. Corporate insiders own 12.72% of the company’s stock.
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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