Kinder Morgan, Inc. $KMI Shares Sold by Aventail Capital Group LP

Aventail Capital Group LP lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 88.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,721 shares of the pipeline company’s stock after selling 1,157,845 shares during the quarter. Aventail Capital Group LP’s holdings in Kinder Morgan were worth $4,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Boothbay Fund Management LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth $1,251,000. Freestone Grove Partners LP purchased a new stake in shares of Kinder Morgan during the 4th quarter worth $55,686,000. DV Equities LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth $74,000. AQR Capital Management LLC boosted its position in shares of Kinder Morgan by 31.5% during the 4th quarter. AQR Capital Management LLC now owns 8,639,319 shares of the pipeline company’s stock worth $237,495,000 after purchasing an additional 2,070,237 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. boosted its position in shares of Kinder Morgan by 2.1% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 9,152,339 shares of the pipeline company’s stock worth $251,598,000 after purchasing an additional 185,430 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Trading Down 0.5%

NYSE KMI opened at $31.28 on Thursday. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a 50-day moving average of $32.18 and a 200-day moving average of $30.87. 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 company has a market cap of $69.59 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.62 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.55 billion. During the same quarter in the prior year, the company posted $0.34 EPS. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts predict 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. Shareholders of record on Monday, May 4th were issued a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is currently 79.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Truist Financial assumed coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price objective on the stock. Scotiabank boosted their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Finally, Jefferies Financial Group decreased 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. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.53.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’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 value of $199,840.06. Following the completion of the transaction, the vice president owned 176,540 shares in the company, valued at $5,721,661.40. This represents a 3.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred on Tuesday, June 16th. The stock was 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 approximately $1,312,399.92. This represents a 3.58% 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 90 days, insiders sold 23,148 shares of company stock valued at $749,206. 12.72% of the stock is owned by company insiders.

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.