Kinder Morgan, Inc. $KMI Stock: First Citizens Bank & Trust Co. Reduces Position

First Citizens Bank & Trust Co. reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 18.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,162 shares of the pipeline company’s stock after selling 111,747 shares during the period. First Citizens Bank & Trust Co.’s holdings in Kinder Morgan were worth $14,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Kinder Morgan by 1.1% during the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after acquiring an additional 1,875,143 shares in the last quarter. State Street Corp boosted its stake in Kinder Morgan by 4.3% in the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after purchasing an additional 5,361,578 shares in the last quarter. Bank of America Corp DE grew its position in Kinder Morgan by 1.4% during the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after purchasing an additional 836,571 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kinder Morgan by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock valued at $577,998,000 after purchasing an additional 448,130 shares in the last quarter. Finally, Amundi increased its stake in Kinder Morgan by 5.8% during the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock valued at $507,332,000 after purchasing an additional 831,125 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KMI. Argus upped their target price on Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Melius Research assumed coverage on Kinder Morgan in a research note on Tuesday, September 22nd. They set a “buy” rating and a $38.00 price objective for the company. Finally, Citigroup reissued a “neutral” rating and issued a $34.00 price objective (up from $33.00) on shares of Kinder Morgan in a report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.47.

Kinder Morgan Stock Performance

KMI opened at $33.44 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The firm has a fifty day moving average price of $31.55 and a 200 day moving average price of $32.03. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The stock has a market cap of $74.47 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.33 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Insider Activity at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the transaction, the vice president owned 48,863 shares in the company, valued at $1,504,980.40. The trade was a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is owned by company insiders.

Kinder Morgan Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.