Chicago Partners Investment Group LLC Reduces Stake in Kinder Morgan, Inc. $KMI

Chicago Partners Investment Group LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 9.6% in the first quarter, Holdings Channel reports. The fund owned 553,531 shares of the pipeline company’s stock after selling 58,992 shares during the period. Chicago Partners Investment Group LLC’s holdings in Kinder Morgan were worth $17,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $1,132,125,000. AQR Capital Management LLC raised its stake in Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the period. Merewether Investment Management LP acquired a new position in Kinder Morgan in the 2nd quarter valued at about $138,477,000. Zimmer Partners LP boosted its holdings in Kinder Morgan by 177.8% in the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock valued at $171,845,000 after purchasing an additional 3,885,000 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $85,364,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $32.12 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The firm has a market cap of $71.46 billion, a P/E ratio of 21.56, a P/E/G ratio of 2.67 and a beta of 0.54. The firm’s 50 day moving average price is $32.24 and its 200-day moving average price is $31.51. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81.

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 quarter last year, the firm earned $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, equities research analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current 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 paid a $0.2975 dividend. The ex-dividend date of this dividend was Monday, May 4th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s payout ratio is presently 79.87%.

Analyst Upgrades and Downgrades

KMI has been the topic of several analyst reports. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Truist Financial started coverage on Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price objective for the company. UBS Group reissued a “buy” rating and set a $43.00 target price on shares of Kinder Morgan in a research note on Monday, June 15th. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Scotiabank upped their price target on Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. Eight investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and a consensus target price of $34.71.

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,148 shares of company stock worth $742,855 in the last quarter. Company insiders own 12.72% of the company’s stock.

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.