MTM Investment Management LLC Sells 26,734 Shares of Kinder Morgan, Inc. $KMI

MTM Investment Management LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 234,121 shares of the pipeline company’s stock after selling 26,734 shares during the quarter. Kinder Morgan makes up approximately 2.1% of MTM Investment Management LLC’s holdings, making the stock its 9th biggest holding. MTM Investment Management LLC’s holdings in Kinder Morgan were worth $6,436,000 at the end of the most recent reporting period.

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

Insider Activity at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on 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 transaction, the vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through 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 stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $32.93, for a total transaction of $203,046.38. Following the completion of 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 SEC filing for this sale provides additional information. 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 over the last quarter. Insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on KMI. Jefferies Financial Group dropped 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 note on Thursday, April 23rd. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Weiss Ratings upgraded shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Finally, Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

Kinder Morgan Trading Down 2.1%

Kinder Morgan stock opened at $32.17 on Thursday. The firm has a 50 day simple moving average of $32.76 and a 200-day simple moving average of $30.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The stock has a market capitalization of $71.58 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.82 and a beta of 0.56. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s payout ratio is 79.87%.

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.