Meridian Wealth Management LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 10.0% during the second quarter, Holdings Channel reports. The firm owned 187,278 shares of the pipeline company’s stock after selling 20,829 shares during the period. Meridian Wealth Management LLC’s holdings in Kinder Morgan were worth $5,987,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in KMI. Benjamin Edwards Inc. grew its position in Kinder Morgan by 14.4% during the fourth quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock valued at $12,849,000 after acquiring an additional 59,013 shares during the period. Partners Group Holding AG raised its holdings in shares of Kinder Morgan by 45.0% in 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 during the period. Generali Asset Management SPA SGR lifted its stake in shares of Kinder Morgan by 47.4% in the 4th quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company’s stock valued at $4,309,000 after purchasing an additional 50,403 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of 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 purchasing an additional 32,998 shares during the period. Finally, OP Asset Management Ltd purchased a new stake in shares of Kinder Morgan during the 1st quarter worth about $6,412,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Kinder Morgan stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the sale, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. The trade was a 3.62% 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. Insiders have sold 13,882 shares of company stock valued at $441,691 over the last 90 days. Insiders own 12.72% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on KMI
Kinder Morgan Trading Up 0.0%
NYSE KMI opened at $32.83 on Monday. The company’s fifty day simple moving average is $31.99 and its 200-day simple moving average is $32.26. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The stock has a market cap of $73.09 billion, a P/E ratio of 21.04, a PEG ratio of 2.57 and a beta of 0.54.
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.
Kinder Morgan Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 76.28%.
About Kinder Morgan
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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