Kinder Morgan, Inc. $KMI Shares Sold by Hoertkorn Richard Charles

Hoertkorn Richard Charles reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 62.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 183,615 shares of the pipeline company’s stock after selling 304,049 shares during the period. Kinder Morgan accounts for about 5.0% of Hoertkorn Richard Charles’ holdings, making the stock its 7th largest holding. Hoertkorn Richard Charles’ holdings in Kinder Morgan were worth $6,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. raised its stake in shares of Kinder Morgan by 14.4% in the 4th 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. Wealth Enhancement Advisory Services LLC boosted its position in Kinder Morgan by 44.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,135,863 shares of the pipeline company’s stock worth $29,523,000 after purchasing an additional 350,348 shares during the period. Groupama Asset Managment boosted its position in Kinder Morgan by 112.8% during the 3rd quarter. Groupama Asset Managment now owns 94,715 shares of the pipeline company’s stock worth $2,681,000 after purchasing an additional 50,199 shares during the period. Mirabella Financial Services LLP increased its holdings in Kinder Morgan by 144.7% in the 3rd quarter. Mirabella Financial Services LLP now owns 112,282 shares of the pipeline company’s stock valued at $3,172,000 after purchasing an additional 66,403 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in Kinder Morgan in the 3rd quarter valued at $77,662,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.1%

Shares of NYSE KMI opened at $32.44 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The stock’s 50-day simple moving average is $32.22 and its 200-day simple moving average is $31.43. The firm has a market cap of $72.18 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.70 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the firm earned $0.34 EPS. Kinder Morgan’s quarterly 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. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s dividend payout ratio is currently 79.87%.

Insiders Place Their Bets

In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, the vice president 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction dated Tuesday, May 5th. The stock was 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 in the company, valued at $5,721,661.40. The trade was a 3.37% decrease in their position. 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 a total of 23,148 shares of company stock worth $742,855 over the last quarter. 12.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KMI shares. UBS Group restated a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Royal Bank Of Canada increased their target price on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Stifel Nicolaus raised their target price on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Finally, Citigroup upped their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Eight investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.71.

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.