SVB Wealth LLC Sells 18,118 Shares of Kinder Morgan, Inc. $KMI

SVB Wealth LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 191,237 shares of the pipeline company’s stock after selling 18,118 shares during the quarter. SVB Wealth LLC’s holdings in Kinder Morgan were worth $5,257,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Personal CFO Solutions LLC raised its holdings in shares of Kinder Morgan by 4.5% in the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock valued at $217,000 after purchasing an additional 340 shares during the last quarter. Red Door Wealth Management LLC lifted its stake in Kinder Morgan by 2.2% in the fourth quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company’s stock valued at $489,000 after acquiring an additional 389 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Kinder Morgan by 5.6% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,564 shares of the pipeline company’s stock worth $208,000 after purchasing an additional 399 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings in Kinder Morgan by 1.6% during the fourth quarter. Sagespring Wealth Partners LLC now owns 26,503 shares of the pipeline company’s stock worth $729,000 after purchasing an additional 405 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its stake in Kinder Morgan by 22.4% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,266 shares of the pipeline company’s stock valued at $62,000 after buying an additional 414 shares during the period. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the subject of a number of research analyst reports. Morgan Stanley lifted their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Zacks Research raised shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Scotiabank increased their target price on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

Insider Activity at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $31.72, for a total value of $49,166.00. Following the completion of the transaction, the vice president owned 44,843 shares of the company’s stock, valued at approximately $1,422,419.96. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Anthony B. Ashley sold 8,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the sale, the vice president directly owned 100,146 shares in the company, valued at $3,199,664.70. This trade represents a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,598 shares of company stock valued at $966,877 over the last ninety days. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

NYSE KMI opened at $31.36 on Monday. The firm’s 50 day simple moving average is $32.82 and its 200 day simple moving average is $29.73. The firm has a market capitalization of $69.77 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 2.69 and a beta of 0.56. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.73.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating 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 business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the previous year, the business earned $0.34 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a dividend of $0.2975 per share. The ex-dividend date is Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is currently 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.