Advisors Capital Management LLC Has $76.59 Million Holdings in Kinder Morgan, Inc. $KMI

Advisors Capital Management LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,684,521 shares of the pipeline company’s stock after selling 45,710 shares during the quarter. Kinder Morgan comprises 1.2% of Advisors Capital Management LLC’s investment portfolio, making the stock its 18th biggest position. Advisors Capital Management LLC’s holdings in Kinder Morgan were worth $76,589,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMI. Rollins Financial Advisors LLC lifted its holdings in shares of Kinder Morgan by 3.4% in the first quarter. Rollins Financial Advisors LLC now owns 190,569 shares of the pipeline company’s stock worth $5,437,000 after acquiring an additional 6,271 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Kinder Morgan by 170.9% in the first quarter. Acadian Asset Management LLC now owns 329,789 shares of the pipeline company’s stock worth $9,402,000 after acquiring an additional 208,067 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Kinder Morgan by 86.1% in the first quarter. Intech Investment Management LLC now owns 149,155 shares of the pipeline company’s stock worth $4,255,000 after acquiring an additional 69,014 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Kinder Morgan by 7.9% in the first quarter. Focus Partners Wealth now owns 3,509,630 shares of the pipeline company’s stock worth $100,130,000 after acquiring an additional 257,126 shares during the last quarter. Finally, Integrity Alliance LLC. lifted its holdings in shares of Kinder Morgan by 226.7% in the first quarter. Integrity Alliance LLC. now owns 23,858 shares of the pipeline company’s stock worth $681,000 after acquiring an additional 16,555 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KMI shares. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Friday, July 25th. Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating for the company. TD Cowen assumed coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Barclays reiterated an “overweight” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at $4,494,275.32. This represents a 20.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,008 shares of company stock worth $3,553,982. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.33 on Thursday. The company has a market capitalization of $60.72 billion, a PE ratio of 22.40, a P/E/G ratio of 3.13 and a beta of 0.81. The company has a 50 day simple moving average of $27.25 and a two-hundred day simple moving average of $27.33. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.