Sei Investments Co. Sells 87,366 Shares of Kinder Morgan, Inc. $KMI

Sei Investments Co. cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 8.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 959,209 shares of the pipeline company’s stock after selling 87,366 shares during the period. Sei Investments Co.’s holdings in Kinder Morgan were worth $32,162,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in Kinder Morgan in the fourth quarter valued at $308,000. Schnieders Capital Management LLC. lifted its position in Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after buying an additional 7,081 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Kinder Morgan by 2.1% during the 2nd quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock worth $7,964,000 after buying an additional 5,586 shares during the last quarter. Nebula Research & Development LLC bought a new position in shares of Kinder Morgan in the 2nd quarter valued at about $1,168,000. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Kinder Morgan by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 908,405 shares of the pipeline company’s stock valued at $26,707,000 after acquiring an additional 21,160 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of several analyst reports. Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. UBS Group restated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. Citigroup boosted their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Royal Bank Of Canada upped their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Finally, Wells Fargo & Company increased their price objective on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.33.

Kinder Morgan Stock Down 3.4%

Shares of KMI stock opened at $31.73 on Tuesday. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The stock has a market cap of $70.59 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 2.69 and a beta of 0.54. The firm’s 50-day moving average is $32.21 and its 200-day moving average is $31.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.41 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.Kinder Morgan’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.52 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s payout ratio is currently 76.28%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on 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 transaction, the vice president directly owned 176,540 shares of the company’s stock, valued at $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. 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. Insiders have sold a total of 21,598 shares of company stock valued at $693,689 over the last quarter. 12.72% of the stock is currently owned by corporate insiders.

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.