Pictet Asset Management Holding SA Lowers Holdings in Kinder Morgan, Inc. $KMI

Pictet Asset Management Holding SA trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,546,623 shares of the pipeline company’s stock after selling 232,307 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Kinder Morgan were worth $185,979,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Commonwealth Retirement Investments LLC bought a new position in Kinder Morgan during the 4th quarter worth about $27,000. Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter valued at about $28,000. Dorato Capital Management purchased a new position in Kinder Morgan during the 4th quarter valued at about $30,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction on 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 directly 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 sale was disclosed in a document filed with the SEC, 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 stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total value of $199,840.06. Following the sale, the vice president owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. This represents a 3.37% decrease in their position. 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 ninety days, insiders have sold 23,148 shares of company stock worth $749,206. Insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KMI. Scotiabank upped their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Truist Financial began coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley lifted their price target on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.71.

Kinder Morgan Stock Performance

KMI stock opened at $33.19 on Monday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The firm has a market cap of $73.84 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.76 and a beta of 0.54. 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 50-day simple moving average of $32.16 and a two-hundred day simple moving average of $31.12.

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

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $0.2975 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s dividend payout ratio is presently 79.87%.

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.