Kinder Morgan, Inc. $KMI Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 85.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,755 shares of the pipeline company’s stock after selling 16,771 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Kinder Morgan were worth $76,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Kinder Morgan by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock worth $5,780,637,000 after acquiring an additional 2,165,130 shares during the period. Orbis Allan Gray Ltd increased its stake in shares of Kinder Morgan by 3.1% in the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after acquiring an additional 670,856 shares during the period. Invesco Ltd. increased its stake in shares of Kinder Morgan by 1.0% in the third quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock worth $627,502,000 after acquiring an additional 216,039 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Kinder Morgan by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock worth $468,588,000 after acquiring an additional 205,820 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Kinder Morgan by 1.4% in the third quarter. Legal & General Group Plc now owns 15,878,898 shares of the pipeline company’s stock worth $449,532,000 after acquiring an additional 213,741 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $33.80 on Friday. The company’s fifty day moving average price is $32.78 and its 200 day moving average price is $30.22. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a market capitalization of $75.19 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. 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 announced its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.55 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The firm’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. On average, research 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 disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a yield of 3.5%. Kinder Morgan’s payout ratio is 79.87%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Royal Bank Of Canada increased their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Mizuho increased their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Finally, Weiss Ratings raised shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president directly owned 43,293 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. 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 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 transaction, the vice president directly owned 182,706 shares in the company, valued at approximately $6,016,508.58. The trade was 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. Over the last ninety days, insiders have sold 23,148 shares of company stock worth $763,434. Insiders own 12.72% of the company’s stock.

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.