Kinder Morgan, Inc. $KMI is Penn Davis Mcfarland Inc.’s 3rd Largest Position

Penn Davis Mcfarland Inc. cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,707,786 shares of the pipeline company’s stock after selling 17,481 shares during the quarter. Kinder Morgan makes up about 5.6% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 3rd largest position. Penn Davis Mcfarland Inc. owned 0.08% of Kinder Morgan worth $57,262,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new position in shares of Kinder Morgan during the 4th quarter valued at $27,000. Commonwealth Retirement Investments LLC bought a new stake in Kinder Morgan in the fourth quarter worth $27,000. Acumen Wealth Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $28,000. Dorato Capital Management bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $30,000. Finally, Basepoint Wealth LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $30,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial began coverage on Kinder Morgan in a research report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target on the stock. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. Royal Bank Of Canada increased their price objective on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Mizuho raised their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. 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 report on Thursday, March 26th. Eight equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.71.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the business’s 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 $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The transaction 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 John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the sale, the vice president owned 170,374 shares in the company, valued at approximately $5,423,004.42. This trade represents a 3.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,148 shares of company stock worth $749,206 in the last three months. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $32.98 on Friday. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The stock has a market capitalization of $73.37 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.71 and a beta of 0.54. The company’s 50-day moving average is $32.13 and its 200 day moving average is $31.08. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41.

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

Kinder Morgan Increases Dividend

The firm also recently declared 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 is an increase 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 yield of 3.6%. Kinder Morgan’s dividend 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.