Private Advisor Group LLC Sells 17,119 Shares of Kinder Morgan, Inc. $KMI

Private Advisor Group LLC cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,292 shares of the pipeline company’s stock after selling 17,119 shares during the quarter. Private Advisor Group LLC’s holdings in Kinder Morgan were worth $6,112,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KMI. Benjamin Edwards Inc. raised its holdings 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 worth $12,849,000 after buying an additional 59,013 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Kinder Morgan by 44.6% in the 4th 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 in the last quarter. Groupama Asset Managment grew its position in Kinder Morgan by 112.8% in the third quarter. Groupama Asset Managment now owns 94,715 shares of the pipeline company’s stock valued at $2,681,000 after acquiring an additional 50,199 shares during the period. Mirabella Financial Services LLP raised its stake in Kinder Morgan by 144.7% during the third quarter. Mirabella Financial Services LLP now owns 112,282 shares of the pipeline company’s stock worth $3,172,000 after acquiring an additional 66,403 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in Kinder Morgan during the third quarter worth $77,662,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the transaction, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. The trade was a 3.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 dated 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 sale, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% 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. Over the last ninety days, insiders have sold 23,148 shares of company stock valued at $742,855. 12.72% of the stock is owned by insiders.

Kinder Morgan Trading Up 2.5%

Shares of KMI traded up $0.79 on Tuesday, reaching $32.48. 685,778 shares of the company’s stock were exchanged, compared to its average volume of 12,682,564. The business has a 50 day moving average price of $32.18 and a two-hundred day moving average price of $31.31. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The stock has a market capitalization of $72.26 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.67 and a beta of 0.54. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (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 firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same period last year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share 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 dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis 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 of this dividend was Monday, May 4th. Kinder Morgan’s payout ratio is presently 79.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. UBS Group restated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Truist Financial started coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective on the stock. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company boosted their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Eight analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Hold” and a consensus price target 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.