Kinder Morgan, Inc. $KMI Shares Acquired by Columbus Macro LLC

Columbus Macro LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 6.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 527,382 shares of the pipeline company’s stock after buying an additional 29,817 shares during the quarter. Kinder Morgan comprises 1.6% of Columbus Macro LLC’s holdings, making the stock its 14th largest position. Columbus Macro LLC’s holdings in Kinder Morgan were worth $16,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. boosted its position in Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after buying an additional 750 shares during the last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Kinder Morgan in the first quarter worth about $28,000. Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $28,000. Finally, Basepoint Wealth LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI stock opened at $32.14 on Friday. The stock’s 50 day simple moving average is $31.97 and its 200 day simple moving average is $32.23. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The firm has a market cap of $71.57 billion, a P/E ratio of 20.60, a P/E/G ratio of 2.57 and a beta of 0.54. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMI) 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 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 firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company 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 predict that Kinder Morgan, Inc. will post 1.54 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors 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 of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This trade represents a 3.58% 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. In the last quarter, insiders have sold 15,432 shares of company stock worth $493,849. 12.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on KMI. Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings downgraded shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Finally, Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.50.

Kinder Morgan Company 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.