Marietta Investment Partners LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,700 shares of the pipeline company’s stock, valued at approximately $795,000.
Other hedge funds also recently added to or reduced their stakes in the company. TD Capital Management LLC lifted its position in shares of Kinder Morgan by 36.0% during the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 323 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Kinder Morgan by 13.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock valued at $79,000 after buying an additional 329 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Kinder Morgan by 4.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock valued at $232,000 after buying an additional 333 shares during the last quarter. Waddell & Associates LLC raised its stake in Kinder Morgan by 1.3% during the fourth quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock valued at $720,000 after buying an additional 336 shares in the last quarter. Finally, Abbot Financial Management Inc. lifted its holdings in Kinder Morgan by 0.8% during the 4th quarter. Abbot Financial Management Inc. now owns 44,707 shares of the pipeline company’s stock worth $1,229,000 after buying an additional 338 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
KMI has been the subject of several research reports. Jefferies Financial Group decreased their target price 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. 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. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Finally, Scotiabank increased their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Eight analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.71.
Kinder Morgan Stock Up 0.0%
NYSE:KMI opened at $32.07 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The stock has a 50 day moving average of $32.18 and a 200-day moving average of $31.31. The firm has a market capitalization of $71.34 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.67 and a beta of 0.54. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (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 for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter last year, the business posted $0.34 EPS. The business’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. Analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.
Kinder Morgan Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.
Insider Buying and Selling at Kinder Morgan
In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan 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 directly owned 41,743 shares in the company, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the transaction, the vice president directly owned 176,540 shares of the company’s stock, valued at $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 16,982 shares of company stock valued at $546,159. 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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