Royal Fund Management LLC Has $2.12 Million Stock Position in Kinder Morgan, Inc. $KMI

Royal Fund Management LLC lowered its position in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 53.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,225 shares of the pipeline company’s stock after selling 73,207 shares during the period. Royal Fund Management LLC’s holdings in Kinder Morgan were worth $2,120,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Benjamin Edwards Inc. lifted its holdings in shares of Kinder Morgan by 14.4% during the 4th quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock valued at $12,849,000 after purchasing an additional 59,013 shares in the last quarter. Partners Group Holding AG increased its stake in Kinder Morgan by 45.0% during the 4th quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company’s stock worth $8,020,000 after purchasing an additional 90,593 shares in the last quarter. Generali Asset Management SPA SGR increased its stake in Kinder Morgan by 47.4% during the 4th quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company’s stock worth $4,309,000 after purchasing an additional 50,403 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Kinder Morgan by 152.2% during the 4th quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock worth $1,503,000 after buying an additional 32,998 shares during the period. Finally, Asset Advisors Investment Management LLC acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $2,626,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMI. Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.50.

Check Out Our Latest Stock Analysis on KMI

Kinder Morgan Price Performance

Shares of KMI opened at $31.88 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The stock has a market capitalization of $70.99 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.55 and a beta of 0.54. The company has a 50 day moving average of $32.13 and a 200-day moving average of $31.96.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.54 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.

Insider Buying and Selling

In other news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the completion of the sale, the vice president owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,598 shares of company stock worth $693,689. 12.72% of the stock is owned by insiders.

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.

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

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