Knights of Columbus Asset Advisors LLC Reduces Holdings in Kinder Morgan, Inc. $KMI

Knights of Columbus Asset Advisors LLC trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,688 shares of the pipeline company’s stock after selling 17,262 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Kinder Morgan were worth $8,486,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Board of the Pension Protection Fund purchased a new position in Kinder Morgan during the 4th quarter worth $27,000. Dorato Capital Management purchased a new position in Kinder Morgan during the 4th quarter worth $30,000. Strategic Advocates LLC purchased a new position in Kinder Morgan during the 3rd quarter worth $32,000. Torren Management LLC purchased a new position in Kinder Morgan during the 4th quarter worth $32,000. Finally, Lodestone Wealth Management LLC purchased a new position in Kinder Morgan during the 4th quarter worth $33,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 2.5%

KMI stock opened at $32.93 on Wednesday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The stock has a market capitalization of $73.26 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The company has a fifty day moving average of $32.78 and a 200-day moving average of $30.35.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter last year, the business earned $0.34 EPS. 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. As a group, analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the sale, the vice president owned 43,293 shares in the company, valued at $1,456,809.45. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the completion of the sale, the vice president owned 176,540 shares of the company’s stock, valued at $5,721,661.40. This trade represents a 3.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,148 shares of company stock valued at $763,434 in the last quarter. Company insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Truist Financial assumed coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective on the stock. Morgan Stanley raised their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group lowered their price objective on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Citigroup raised their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Finally, Mizuho raised their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Two equities research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

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.