Kinder Morgan, Inc. $KMI Stake Lowered by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 666,113 shares of the pipeline company’s stock after selling 70,557 shares during the period. Great Lakes Advisors LLC’s holdings in Kinder Morgan were worth $18,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KMI. Board of the Pension Protection Fund acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $27,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $27,000. Dorato Capital Management acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $30,000. Basepoint Wealth LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $30,000. Finally, Strategic Advocates LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at $32,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KMI. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. Royal Bank Of Canada lifted 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. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday. Finally, Scotiabank lifted their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

Kinder Morgan Stock Down 1.4%

Kinder Morgan stock opened at $31.38 on Friday. The firm has a market cap of $69.81 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 2.65 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The firm has a fifty day moving average price of $32.30 and a two-hundred day moving average price of $30.74.

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

Kinder Morgan Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is presently 79.87%.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the business’s 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 transaction, the vice president owned 43,293 shares of the company’s stock, valued at $1,456,809.45. The trade was a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $32.93, for a total transaction of $203,046.38. Following the transaction, the vice president directly owned 182,706 shares of the company’s stock, valued at approximately $6,016,508.58. This represents a 3.26% 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. In the last three months, insiders have sold 23,148 shares of company stock valued at $752,089. 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.