Inceptionr LLC Invests $1.11 Million in Kinder Morgan, Inc. $KMI

Inceptionr LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, Holdings Channel.com reports. The firm bought 40,301 shares of the pipeline company’s stock, valued at approximately $1,108,000.

Several other hedge funds also recently made changes to their positions in the company. Compass Wealth Management LLC lifted its stake in shares of Kinder Morgan by 63.7% in the 4th quarter. Compass Wealth Management LLC now owns 103,000 shares of the pipeline company’s stock worth $2,831,000 after acquiring an additional 40,075 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Kinder Morgan by 6.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 8,227 shares of the pipeline company’s stock worth $226,000 after acquiring an additional 521 shares during the period. Smithbridge Asset Management Inc. DE lifted its stake in shares of Kinder Morgan by 97.9% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 108,548 shares of the pipeline company’s stock worth $2,984,000 after acquiring an additional 53,690 shares during the period. M Holdings Securities Inc. acquired a new stake in shares of Kinder Morgan in the 4th quarter worth $572,000. Finally, Heartland Advisors Inc. acquired a new stake in shares of Kinder Morgan in the 4th quarter worth $5,004,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KMI shares. Weiss Ratings upgraded shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. Zacks Research upgraded shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Finally, Jefferies Financial Group reduced their price objective on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.20.

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the transaction, the vice president directly owned 43,293 shares in the company, valued at approximately $1,456,809.45. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $32.93, for a total transaction of $203,046.38. Following the transaction, the vice president owned 182,706 shares of the company’s stock, valued at $6,016,508.58. This trade represents a 3.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 23,148 shares of company stock valued at $752,089 over the last 90 days. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

NYSE:KMI opened at $31.87 on Thursday. 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 firm has a 50-day moving average price of $32.34 and a two-hundred day moving average price of $30.71. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a market capitalization of $70.91 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 2.61 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share 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 firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same period last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter 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 announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.2975 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a yield of 3.7%. Kinder Morgan’s payout ratio is 79.87%.

Kinder Morgan Company 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.