Hilltop Holdings Inc. Sells 28,357 Shares of Kinder Morgan, Inc. $KMI

Hilltop Holdings Inc. lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 62.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 17,147 shares of the pipeline company’s stock after selling 28,357 shares during the period. Hilltop Holdings Inc.’s holdings in Kinder Morgan were worth $575,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KMI. Norges Bank bought a new position in Kinder Morgan during the 4th quarter worth $1,132,125,000. AQR Capital Management LLC raised its position in shares of Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after acquiring an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP bought a new position in shares of Kinder Morgan during the second quarter worth about $138,477,000. Zimmer Partners LP lifted its stake in shares of Kinder Morgan by 177.8% in the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after acquiring an additional 3,885,000 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $85,364,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the transaction, the vice president directly owned 176,540 shares in the company, valued at $5,721,661.40. This trade represents a 3.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Kinder Morgan stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. The trade was 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. In the last quarter, insiders sold 21,598 shares of company stock worth $693,689. Corporate insiders own 12.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on KMI shares. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada upped 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. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Finally, Citigroup increased their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.33.

Kinder Morgan Stock Down 3.4%

Kinder Morgan stock opened at $31.73 on Tuesday. The company has a market capitalization of $70.59 billion, a PE ratio of 20.34, a PEG ratio of 2.69 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. The firm’s fifty day moving average is $32.21 and its 200 day moving average is $31.90. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.52 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

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.