Confluence Investment Management LLC Has $107.70 Million Holdings in Kinder Morgan, Inc. $KMI

Confluence Investment Management LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.4% in the second quarter, HoldingsChannel reports. The fund owned 3,368,817 shares of the pipeline company’s stock after selling 120,189 shares during the period. Kinder Morgan accounts for 1.7% of Confluence Investment Management LLC’s holdings, making the stock its 20th largest position. Confluence Investment Management LLC’s holdings in Kinder Morgan were worth $107,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Frazier Financial Advisors LLC bought a new position in Kinder Morgan in the 1st quarter valued at $28,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $27,000. First Pacific Financial grew its holdings in shares of Kinder Morgan by 9,900.0% in the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock valued at $34,000 after buying an additional 990 shares during the period. Robinswood Financial LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth about $34,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $28,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 value of $196,695.40. Following the completion of the transaction, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This 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 quarter, insiders have sold 15,432 shares of company stock valued at $493,849. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Trading Down 2.3%

KMI stock opened at $31.43 on Tuesday. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The company has a market capitalization of $69.99 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. The company’s 50-day simple moving average is $32.01 and its 200 day simple moving average is $32.06. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.54 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Hold” and an average price target of $35.50.

Kinder Morgan 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.