GSA Capital Partners LLP Sells 70,165 Shares of Kinder Morgan, Inc. $KMI

GSA Capital Partners LLP decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 60.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,913 shares of the pipeline company’s stock after selling 70,165 shares during the quarter. GSA Capital Partners LLP’s holdings in Kinder Morgan were worth $1,468,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its position in Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 750 shares during the period. Commonwealth Retirement Investments LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the 1st quarter valued at $28,000. Acumen Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $28,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter worth $30,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a report on Monday, June 15th. Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Morgan Stanley set a $38.00 price objective on Kinder Morgan in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.50.

Kinder Morgan Stock Performance

NYSE KMI opened at $32.83 on Monday. The company has a quick ratio of 0.36, 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 business has a 50-day moving average price of $31.99 and a 200-day moving average price of $32.26. The firm has a market cap of $73.09 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.55 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. The ex-dividend date is Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the transaction, the vice president owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 on Tuesday, June 16th. The stock was 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 represents a 3.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,882 shares of company stock worth $441,691 in the last three months. Insiders own 12.72% of the company’s stock.

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.