Mosley Wealth Management Trims Position in Kinder Morgan, Inc. $KMI

Mosley Wealth Management cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 51.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,225 shares of the pipeline company’s stock after selling 16,267 shares during the period. Mosley Wealth Management’s holdings in Kinder Morgan were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of KMI. Evolution Wealth Management Inc. boosted its position in Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 750 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Kinder Morgan during the first quarter worth about $28,000. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $27,000. First Pacific Financial raised its holdings in Kinder Morgan by 9,900.0% in the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 990 shares during the last quarter. Finally, Robinswood Financial LLC purchased a new position in Kinder Morgan during the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.3%

Kinder Morgan stock opened at $32.14 on Friday. The company has a market capitalization of $71.57 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The firm has a 50 day moving average price of $31.97 and a 200 day moving average price of $32.23.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.54 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a dividend of $0.2975 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.7%. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Morgan Stanley set a $38.00 price target on shares of Kinder Morgan in a research note on Wednesday, July 29th. Finally, UBS Group restated a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a research report on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.50.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at $5,423,004.42. The trade was a 3.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 the business’s 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 sale, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. This trade 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. Insiders have sold a total of 15,432 shares of company stock valued at $493,849 over the last 90 days. 12.72% of the stock is currently owned by company insiders.

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.