Kinder Morgan, Inc. $KMI Shares Acquired by IFP Advisors Inc

IFP Advisors Inc increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 41.2% during the 4th quarter, Holdings Channel reports. The fund owned 63,235 shares of the pipeline company’s stock after purchasing an additional 18,445 shares during the quarter. IFP Advisors Inc’s holdings in Kinder Morgan were worth $1,738,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Providence Capital Advisors LLC acquired a new stake in Kinder Morgan in the third quarter valued at $2,674,000. Meixler Investment Management Ltd. acquired a new stake in Kinder Morgan in the third quarter valued at $1,882,000. HighTower Advisors LLC raised its stake in Kinder Morgan by 3.9% in the third quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock valued at $34,874,000 after buying an additional 46,396 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Kinder Morgan by 15.6% in the third quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock valued at $352,519,000 after buying an additional 1,682,241 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in Kinder Morgan by 12.9% in the third quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company’s stock valued at $24,605,000 after buying an additional 99,540 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $32.93, for a total transaction of $203,046.38. Following the transaction, the vice president owned 182,706 shares of the company’s stock, valued at $6,016,508.58. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president directly owned 43,293 shares in the company, valued at approximately $1,456,809.45. This represents a 3.46% 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. In the last three months, insiders have sold 23,148 shares of company stock worth $763,434. Corporate insiders own 12.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMI. Mizuho raised their price target on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Stifel Nicolaus raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Citigroup raised their price objective on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Royal Bank Of Canada raised their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Finally, Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.20.

Kinder Morgan Stock Performance

NYSE KMI opened at $33.80 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The business’s 50-day moving average price is $32.78 and its 200 day moving average price is $30.22. The firm has a market cap of $75.19 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.87 and a beta of 0.56.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the company posted $0.34 earnings per share. The business’s 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. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current 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 dividend of $0.2975 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s dividend payout ratio is 79.87%.

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.