Geneos Wealth Management Inc. Decreases Stock Position in Kinder Morgan, Inc. $KMI

Geneos Wealth Management Inc. trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.7% in the 1st quarter, HoldingsChannel reports. The firm owned 328,760 shares of the pipeline company’s stock after selling 23,620 shares during the period. Geneos Wealth Management Inc.’s holdings in Kinder Morgan were worth $11,023,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KMI. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $27,000. Commonwealth Retirement Investments LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $27,000. Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter worth approximately $28,000. Dorato Capital Management acquired a new position in Kinder Morgan during the 4th quarter worth approximately $30,000. Finally, Basepoint Wealth LLC acquired a new position in Kinder Morgan during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KMI. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Citigroup boosted their target price 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 target price on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.71.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm’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 transaction of $48,732.00. Following the transaction, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 Kinder Morgan stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,598 shares of company stock valued at $693,689 over the last three months. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Down 1.0%

Shares of NYSE:KMI opened at $32.20 on Thursday. The firm has a 50 day simple moving average of $32.25 and a 200-day simple moving average of $31.62. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $71.65 billion, a PE ratio of 21.61, a P/E/G ratio of 2.71 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its earnings results 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 firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same period last year, the firm posted $0.34 EPS. The company’s revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given 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 an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s payout ratio is presently 79.87%.

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.