Fiduciary Alliance LLC cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 9.5% in the first quarter, Holdings Channel reports. The institutional investor owned 335,053 shares of the pipeline company’s stock after selling 35,172 shares during the quarter. Fiduciary Alliance LLC’s holdings in Kinder Morgan were worth $10,621,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new position in Kinder Morgan during the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $28,000. Dorato Capital Management acquired a new stake in Kinder Morgan in the 4th quarter worth $30,000. Finally, Basepoint Wealth LLC acquired a new stake in Kinder Morgan in the 4th quarter worth $30,000. 62.52% of the stock is owned by institutional investors.
Insider Buying and Selling at Kinder Morgan
In other news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the sale, the vice president owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the sale, the vice president owned 170,374 shares of the company’s stock, valued at $5,423,004.42. This trade represents a 3.49% decrease in their position. The SEC filing for this sale provides additional information. 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 $749,206 in the last 90 days. 12.72% of the stock is owned by corporate insiders.
Kinder Morgan Trading Up 0.2%
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS 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 business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter last year, the company earned $0.34 EPS. Kinder Morgan’s 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. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.
Kinder Morgan Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is presently 79.87%.
Analyst Upgrades and Downgrades
KMI has been the subject of a number of research analyst reports. Truist Financial initiated coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective for the company. Scotiabank lifted their target price 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. UBS Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Zacks Research upgraded Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Citigroup lifted their price objective on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.71.
View Our Latest Analysis on KMI
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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