Bollard Group LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 21.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 707,032 shares of the pipeline company’s stock after selling 192,506 shares during the period. Kinder Morgan comprises approximately 0.5% of Bollard Group LLC’s portfolio, making the stock its 27th biggest holding. Bollard Group LLC’s holdings in Kinder Morgan were worth $19,436,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of KMI. Brighton Jones LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at $308,000. Schnieders Capital Management LLC. grew its holdings in Kinder Morgan by 11.4% in the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after purchasing an additional 7,081 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Kinder Morgan by 2.1% in the second quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock valued at $7,964,000 after purchasing an additional 5,586 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in Kinder Morgan in the second quarter valued at $1,168,000. Finally, Sei Investments Co. grew its holdings in Kinder Morgan by 20.4% in the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock valued at $25,328,000 after purchasing an additional 145,806 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.
Analyst Ratings Changes
Several analysts have weighed in on KMI shares. Jefferies Financial Group lowered their target price on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Truist Financial initiated coverage on Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday. Finally, Mizuho increased their price objective on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $34.20.
Kinder Morgan Stock Performance
NYSE KMI opened at $31.87 on Friday. The business’s 50-day moving average price is $32.28 and its 200 day moving average price is $30.75. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a market capitalization of $70.91 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 2.66 and a beta of 0.54. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92.
Kinder Morgan (NYSE:KMI – Get Free Report) last released its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.
Kinder Morgan Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.7%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio (DPR) is currently 79.87%.
Insider Activity
In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated 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 approximately $6,016,508.58. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the transaction, the vice president owned 43,293 shares in the company, valued at approximately $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 $752,089 over the last quarter. 12.72% of the stock is currently owned by company insiders.
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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