Sterling Investment Advisors Ltd. Decreases Stock Position in Kinder Morgan, Inc. $KMI

Sterling Investment Advisors Ltd. lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 418,709 shares of the pipeline company’s stock after selling 30,220 shares during the period. Kinder Morgan accounts for 2.3% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its 8th largest holding. Sterling Investment Advisors Ltd.’s holdings in Kinder Morgan were worth $14,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KMI. Benjamin Edwards Inc. lifted its stake in shares of Kinder Morgan by 14.4% during the 4th quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock valued at $12,849,000 after buying an additional 59,013 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Kinder Morgan by 44.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,135,863 shares of the pipeline company’s stock worth $29,523,000 after buying an additional 350,348 shares in the last quarter. Groupama Asset Managment raised its holdings in Kinder Morgan by 112.8% during the third quarter. Groupama Asset Managment now owns 94,715 shares of the pipeline company’s stock valued at $2,681,000 after acquiring an additional 50,199 shares during the period. Holocene Advisors LP bought a new stake in Kinder Morgan during the third quarter valued at about $77,662,000. Finally, Mirabella Financial Services LLP lifted its position in shares of Kinder Morgan by 144.7% in the third quarter. Mirabella Financial Services LLP now owns 112,282 shares of the pipeline company’s stock valued at $3,172,000 after acquiring an additional 66,403 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Truist Financial initiated coverage on Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 target price on the stock. Weiss Ratings cut Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Finally, Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.71.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the transaction, the vice president directly 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 filing with the Securities & Exchange Commission, which is available 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 business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the transaction, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. This trade represents a 3.62% 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. Insiders have sold a total of 23,148 shares of company stock worth $742,855 in the last 90 days. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Trading Up 1.1%

KMI opened at $32.58 on Wednesday. The firm has a market cap of $72.49 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.68 and a beta of 0.54. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average of $32.23 and a 200 day moving average of $31.58.

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, beating analysts’ consensus estimates of $0.38 by $0.10. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. 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.