Kinder Morgan, Inc. $KMI Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 629,759 shares of the pipeline company’s stock after selling 19,676 shares during the period. Fifth Third Bancorp’s holdings in Kinder Morgan were worth $20,133,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KMI. Evolution Wealth Management Inc. boosted its position in shares of Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 750 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Kinder Morgan in the first quarter valued at about $28,000. Commonwealth Retirement Investments LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $27,000. First Pacific Financial boosted its holdings in Kinder Morgan by 9,900.0% in the first quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 990 shares in the last quarter. Finally, Robinswood Financial LLC purchased a new stake in shares of Kinder Morgan during the first quarter worth about $34,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the transaction, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This represents 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 sold 15,432 shares of company stock worth $493,849 in the last quarter. Company insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of several recent analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Morgan Stanley set a $38.00 price target on shares of Kinder Morgan in a report on Wednesday, July 29th. Finally, Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.50.

Kinder Morgan Trading Up 2.3%

Kinder Morgan stock opened at $32.83 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The company has a market capitalization of $73.09 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.64 and a beta of 0.54. The stock has a 50-day moving average price of $31.99 and a 200 day moving average price of $32.24.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Kinder Morgan’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is 76.28%.

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.