Havemeyer Place LP Makes New Investment in Kinder Morgan, Inc. $KMI

Havemeyer Place LP acquired a new stake in Kinder Morgan, Inc. (NYSE:KMIFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 21,604 shares of the pipeline company’s stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Personal CFO Solutions LLC raised its stake in Kinder Morgan by 4.5% during the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock worth $217,000 after acquiring an additional 340 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Kinder Morgan by 1.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 22,530 shares of the pipeline company’s stock worth $617,000 after purchasing an additional 342 shares in the last quarter. Red Door Wealth Management LLC lifted its holdings in Kinder Morgan by 2.2% during the 4th quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company’s stock valued at $489,000 after purchasing an additional 389 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Kinder Morgan by 5.6% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,564 shares of the pipeline company’s stock valued at $208,000 after purchasing an additional 399 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its position in Kinder Morgan by 1.6% in the fourth quarter. Sagespring Wealth Partners LLC now owns 26,503 shares of the pipeline company’s stock valued at $729,000 after buying an additional 405 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

More Kinder Morgan News

Here are the key news stories impacting Kinder Morgan this week:

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s 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 completion of the sale, the vice president directly owned 182,706 shares of the company’s stock, valued at approximately $6,016,508.58. The trade was a 3.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president owned 43,293 shares in the company, valued at approximately $1,456,809.45. The trade was 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 in the last ninety days. 12.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMI. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. 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 on the stock. Royal Bank Of Canada raised their price target on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Scotiabank raised their target price on Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $34.20.

Read Our Latest Research Report on KMI

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $31.29 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The firm has a market cap of $69.61 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.64 and a beta of 0.54. The firm has a 50 day simple moving average of $32.43 and a 200 day simple moving average of $30.64. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its quarterly earnings data 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. The firm had revenue of $4.83 billion for 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%.The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side 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 represents a $1.19 annualized dividend and a dividend yield of 3.8%. 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. Kinder Morgan’s payout ratio is currently 79.87%.

About Kinder Morgan

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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