72,510 Shares in Kinder Morgan, Inc. $KMI Bought by Harvest Investment Advisors LLC

Harvest Investment Advisors LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 72,510 shares of the pipeline company’s stock, valued at approximately $1,993,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $28,000. Dorato Capital Management acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $30,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $30,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $32.93, for a total value of $203,046.38. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, 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 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 of the company’s stock, valued at approximately $1,456,809.45. This trade represents a 3.46% decrease in their position. 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. In the last three months, insiders sold 21,598 shares of company stock valued at $700,474. Insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KMI. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. UBS Group reiterated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday. Jefferies Financial Group lowered their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Finally, Morgan Stanley lifted their price target on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $34.53.

Kinder Morgan Stock Down 0.2%

Shares of KMI stock opened at $31.41 on Wednesday. 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 $34.81. The firm’s fifty day moving average price is $32.21 and its two-hundred day moving average price is $30.84. The firm has a market capitalization of $69.88 billion, a P/E ratio of 21.08, a PEG ratio of 2.62 and a beta of 0.54.

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 analysts’ consensus estimates of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly 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. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $0.2975 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. 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.