Columbus Macro LLC Purchases 21,199 Shares of Kinder Morgan, Inc. $KMI

Columbus Macro LLC raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 497,565 shares of the pipeline company’s stock after acquiring an additional 21,199 shares during the quarter. Kinder Morgan makes up about 1.8% of Columbus Macro LLC’s holdings, making the stock its 9th largest holding. Columbus Macro LLC’s holdings in Kinder Morgan were worth $16,683,000 at the end of the most recent reporting period.

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 in the fourth quarter valued at about $27,000. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $27,000. Acumen Wealth Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at about $28,000. Dorato Capital Management purchased a new position in Kinder Morgan in the 4th quarter worth approximately $30,000. Finally, Basepoint Wealth LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president owned 170,374 shares of the company’s stock, valued at $5,423,004.42. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president owned 41,743 shares of the company’s stock, valued at approximately $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. Over the last 90 days, insiders sold 23,148 shares of company stock worth $749,206. 12.72% of the stock is owned by insiders.

Kinder Morgan Trading Up 1.2%

KMI opened at $32.98 on Friday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The stock has a market capitalization of $73.37 billion, a PE ratio of 22.13, a P/E/G ratio of 2.71 and a beta of 0.54. The business’s 50 day moving average price is $32.13 and its 200 day moving average price is $31.08. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is 79.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. UBS Group reissued a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Citigroup upped their target price on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Finally, Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Hold” and a consensus target price of $34.71.

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.