DNB Asset Management AS Sells 190,083 Shares of Kinder Morgan, Inc. $KMI

DNB Asset Management AS cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 31.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 412,005 shares of the pipeline company’s stock after selling 190,083 shares during the period. DNB Asset Management AS’s holdings in Kinder Morgan were worth $11,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of KMI. Board of the Pension Protection Fund bought a new stake in Kinder Morgan during the 4th quarter valued at $27,000. Dorato Capital Management purchased a new position in Kinder Morgan during the 4th quarter worth $30,000. Strategic Advocates LLC purchased a new position in Kinder Morgan during the 3rd quarter worth $32,000. Torren Management LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $32,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $33,000. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KMI. Truist Financial began coverage on Kinder Morgan in a research note on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price on the stock. Mizuho raised their price objective on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Jefferies Financial Group reduced their target price on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Finally, Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.20.

Insider Buying and Selling

In related news, VP Anthony B. Ashley sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the transaction, the vice president directly owned 100,146 shares in the company, valued at approximately $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the transaction, the vice president owned 188,872 shares of the company’s stock, valued at $6,359,320.24. The trade was a 3.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 29,598 shares of company stock worth $966,877. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $33.63 on Monday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.73. 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 $74.81 billion, a PE ratio of 22.57, a P/E/G ratio of 2.88 and a beta of 0.56. The stock has a 50 day moving average price of $32.73 and a 200 day moving average price of $29.97.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal 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 given a $0.2975 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is currently 79.87%.

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.