Smith Salley Wealth Management Invests $1.66 Million in Kinder Morgan, Inc. $KMI

Smith Salley Wealth Management bought a new position in Kinder Morgan, Inc. (NYSE:KMI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 49,478 shares of the pipeline company’s stock, valued at approximately $1,659,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Balboa Wealth Partners boosted its holdings in Kinder Morgan by 5.0% during the first quarter. Balboa Wealth Partners now owns 12,145 shares of the pipeline company’s stock worth $407,000 after buying an additional 583 shares in the last quarter. Strong Tower Advisory Services increased its holdings in shares of Kinder Morgan by 4.2% in the first quarter. Strong Tower Advisory Services now owns 116,699 shares of the pipeline company’s stock valued at $3,913,000 after buying an additional 4,712 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter valued at $217,000. Quotient Wealth Partners LLC lifted its position in shares of Kinder Morgan by 4.7% during the 1st quarter. Quotient Wealth Partners LLC now owns 12,558 shares of the pipeline company’s stock valued at $421,000 after acquiring an additional 561 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Kinder Morgan by 139.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 195,791 shares of the pipeline company’s stock worth $6,565,000 after acquiring an additional 114,150 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KMI. Weiss Ratings upgraded Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Morgan Stanley upped their target price on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Scotiabank increased their price target on Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, March 26th. Wells Fargo & Company lifted their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, 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. 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 company’s stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $34.53.

Kinder Morgan Trading Down 0.0%

NYSE KMI opened at $31.58 on Monday. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The stock has a market cap of $70.27 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.63 and a beta of 0.54. The firm’s 50 day moving average price is $32.11 and its two-hundred day moving average price is $30.94.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $0.2975 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a yield of 3.8%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is currently 79.87%.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the sale, the vice president directly owned 170,374 shares in the company, valued at approximately $5,423,004.42. This trade represents a 3.49% decrease in their position. The sale was disclosed in a legal filing 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 Kinder Morgan 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 transaction, the vice president directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. This trade 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. Over the last three months, insiders sold 23,148 shares of company stock valued at $749,206. Company insiders own 12.72% of the company’s stock.

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.