Wesbanco Bank Inc. Cuts Holdings in Kinder Morgan, Inc. $KMI

Wesbanco Bank Inc. cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 12.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,297 shares of the pipeline company’s stock after selling 17,376 shares during the quarter. Wesbanco Bank Inc.’s holdings in Kinder Morgan were worth $4,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KMI. Huntington National Bank lifted its stake in Kinder Morgan by 14.4% during the third quarter. Huntington National Bank now owns 252,210 shares of the pipeline company’s stock worth $7,140,000 after purchasing an additional 31,662 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kinder Morgan by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock worth $468,588,000 after buying an additional 205,820 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of Kinder Morgan by 14.4% in the 4th quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock valued at $12,849,000 after purchasing an additional 59,013 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Kinder Morgan by 44.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,135,863 shares of the pipeline company’s stock valued at $29,523,000 after buying an additional 350,348 shares during the last quarter. Finally, Oak Grove Capital LLC increased its holdings in shares of Kinder Morgan by 23.3% in the 3rd quarter. Oak Grove Capital LLC now owns 277,400 shares of the pipeline company’s stock valued at $7,853,000 after acquiring an additional 52,500 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $33.19 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a market capitalization of $73.84 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.75 and a beta of 0.54. The stock has a fifty day moving average of $32.16 and a two-hundred day moving average of $31.10. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

Kinder Morgan (NYSE:KMI) last issued 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 for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is 79.87%.

Insider Buying and Selling

In other news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the sale, the vice president owned 176,540 shares in the company, valued at approximately $5,721,661.40. This trade represents a 3.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 23,148 shares of company stock valued at $749,206. Company insiders own 12.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on KMI. Mizuho raised their price objective on Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Morgan Stanley raised their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Truist Financial assumed coverage on Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective on the stock. 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. Finally, Jefferies Financial Group dropped their price target on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Eight equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $34.71.

Kinder Morgan Company 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.