Kinder Morgan, Inc. $KMI Shares Sold by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 611,460 shares of the pipeline company’s stock after selling 22,195 shares during the period. Kinder Morgan comprises about 1.6% of Infrastructure Capital Advisors LLC’s portfolio, making the stock its 17th biggest holding. Infrastructure Capital Advisors LLC’s holdings in Kinder Morgan were worth $16,809,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Board of the Pension Protection Fund acquired a new position in Kinder Morgan during the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $27,000. Acumen Wealth Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $28,000. Dorato Capital Management acquired a new position in Kinder Morgan in the fourth quarter valued at about $30,000. Finally, Basepoint Wealth LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $30,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research analyst reports. UBS Group reissued a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a report on Monday. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Citigroup lifted their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.53.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the sale, the vice president directly owned 170,374 shares in the company, valued at approximately $5,423,004.42. The trade was a 3.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction 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 sale, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. 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 have sold a total of 23,148 shares of company stock worth $749,206 over the last 90 days. Insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $31.28 on Thursday. The firm has a market capitalization of $69.59 billion, a P/E ratio of 20.99, a PEG ratio of 2.62 and a beta of 0.54. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The company’s fifty day moving average is $32.18 and its two-hundred day moving average is $30.87. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.38 by $0.10. The company had revenue of $4.83 billion for 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 period in the previous year, the firm earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business 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. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, May 4th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. 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.