Focus Partners Wealth Grows Holdings in Kinder Morgan, Inc. $KMI

Focus Partners Wealth grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 13.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,120,884 shares of the pipeline company’s stock after buying an additional 620,511 shares during the quarter. Focus Partners Wealth’s holdings in Kinder Morgan were worth $141,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Loomis Sayles & Co. L P grew its stake in Kinder Morgan by 13.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after buying an additional 329 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Kinder Morgan by 4.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock worth $232,000 after buying an additional 333 shares in the last quarter. Waddell & Associates LLC grew its stake in Kinder Morgan by 1.3% in the 4th quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock worth $720,000 after buying an additional 336 shares in the last quarter. Abbot Financial Management Inc. boosted its stake in shares of Kinder Morgan by 0.8% in the 4th quarter. Abbot Financial Management Inc. now owns 44,707 shares of the pipeline company’s stock valued at $1,229,000 after purchasing an additional 338 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in shares of Kinder Morgan by 4.5% in the 4th quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock valued at $217,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.6%

Shares of KMI opened at $31.87 on Friday. The stock has a market capitalization of $70.91 billion, a P/E ratio of 21.39, a PEG ratio of 2.66 and a beta of 0.54. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The firm has a fifty day simple moving average of $32.28 and a two-hundred day simple moving average of $30.75. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.10. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.49 EPS for the current 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 given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, May 4th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is currently 79.87%.

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 completion of the sale, the vice president owned 43,293 shares of the company’s stock, valued at $1,456,809.45. This represents a 3.46% decrease in their position. The sale 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 stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the sale, the vice president directly owned 170,374 shares of the company’s stock, valued at $5,423,004.42. The trade was a 3.49% 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. Insiders have sold a total of 23,148 shares of company stock valued at $752,089 in the last three months. 12.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Royal Bank Of Canada upped their price objective 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday. Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Finally, Zacks Research raised shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $34.20.

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.