Diversify Wealth Management LLC Purchases New Shares in Kinder Morgan, Inc. $KMI

Diversify Wealth Management LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 1st quarter, Holdings Channel reports. The firm acquired 43,597 shares of the pipeline company’s stock, valued at approximately $1,388,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KMI. Benjamin Edwards Inc. lifted its position in Kinder Morgan by 14.4% in the fourth quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock worth $12,849,000 after buying an additional 59,013 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Kinder Morgan by 44.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,135,863 shares of the pipeline company’s stock valued at $29,523,000 after acquiring an additional 350,348 shares during the last quarter. Groupama Asset Managment increased its position in Kinder Morgan by 112.8% during the third quarter. Groupama Asset Managment now owns 94,715 shares of the pipeline company’s stock valued at $2,681,000 after acquiring an additional 50,199 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of Kinder Morgan in the 3rd quarter worth about $77,662,000. Finally, Mirabella Financial Services LLP lifted its holdings in shares of Kinder Morgan by 144.7% in the 3rd quarter. Mirabella Financial Services LLP now owns 112,282 shares of the pipeline company’s stock worth $3,172,000 after acquiring an additional 66,403 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the completion of the sale, the vice president owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the sale, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% 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. Over the last ninety days, insiders have sold 23,148 shares of company stock worth $742,855. Corporate insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KMI shares. Truist Financial assumed coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target for the company. Citigroup raised their price objective 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. Scotiabank boosted their target price on Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, March 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Finally, UBS Group reiterated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Hold” and a consensus price target of $34.71.

Kinder Morgan Trading Up 1.1%

NYSE KMI opened at $32.58 on Wednesday. The company’s 50-day moving average price is $32.23 and its 200-day moving average price is $31.58. 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 stock has a market cap of $72.49 billion, a PE ratio of 21.87, a PEG ratio of 2.68 and a beta of 0.54. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81.

Kinder Morgan (NYSE:KMI) last posted its quarterly 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. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter last year, the firm posted $0.34 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business 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 a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s dividend payout ratio is 79.87%.

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.