MTM Investment Management LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 10.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 234,121 shares of the pipeline company’s stock after selling 26,734 shares during the period. Kinder Morgan comprises approximately 2.1% of MTM Investment Management LLC’s holdings, making the stock its 9th biggest holding. MTM Investment Management LLC’s holdings in Kinder Morgan were worth $6,436,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Board of the Pension Protection Fund purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at $27,000. Dorato Capital Management purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at $30,000. Strategic Advocates LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter valued at $32,000. Torren Management LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at $32,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at $33,000. 62.52% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $32.93, for a total value of $203,046.38. Following the transaction, the vice president owned 182,706 shares in the company, valued at $6,016,508.58. The trade was a 3.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 on Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the transaction, the vice president owned 43,293 shares in the company, valued at $1,456,809.45. This 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 sold a total of 23,148 shares of company stock worth $763,434 in the last quarter. 12.72% of the stock is currently owned by company insiders.
Kinder Morgan Stock Down 2.1%
Kinder Morgan (NYSE:KMI – Get Free Report) last issued 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 firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter in the previous year, the business posted $0.34 EPS. 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. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.
Kinder Morgan Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is presently 79.87%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on KMI. Truist Financial began coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective for the company. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Citigroup upped their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Finally, Stifel Nicolaus upped their price target on shares of 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 given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.20.
Read Our Latest Stock Report on Kinder Morgan
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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