Sterling Investment Advisors Ltd. Has $14.04 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Sterling Investment Advisors Ltd. decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 418,709 shares of the pipeline company’s stock after selling 30,220 shares during the period. Kinder Morgan comprises about 2.3% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its 8th biggest position. Sterling Investment Advisors Ltd.’s holdings in Kinder Morgan were worth $14,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in KMI. Benjamin Edwards Inc. boosted its holdings in 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 acquiring an additional 59,013 shares during the period. 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 purchasing an additional 350,348 shares during the period. Groupama Asset Managment increased its stake in Kinder Morgan by 112.8% in the 3rd quarter. Groupama Asset Managment now owns 94,715 shares of the pipeline company’s stock worth $2,681,000 after purchasing an additional 50,199 shares during the period. Holocene Advisors LP bought a new stake in Kinder Morgan in the third quarter valued at approximately $77,662,000. Finally, Mirabella Financial Services LLP boosted its stake in shares of Kinder Morgan by 144.7% during the third quarter. Mirabella Financial Services LLP now owns 112,282 shares of the pipeline company’s stock valued at $3,172,000 after purchasing an additional 66,403 shares during the period. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the completion of the sale, the vice president directly owned 176,540 shares in the company, valued at $5,721,661.40. This represents a 3.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This represents a 3.58% 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 sold 23,148 shares of company stock worth $742,855 over the last quarter. Insiders own 12.72% of the company’s stock.

Kinder Morgan Trading Up 1.1%

Kinder Morgan stock opened at $32.58 on Wednesday. The business has a 50-day simple moving average of $32.23 and a two-hundred day simple moving average of $31.58. The company 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 52-week low of $25.60 and a 52-week high of $34.81. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.2975 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s dividend payout ratio is currently 79.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group reiterated a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Scotiabank upped their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. Truist Financial initiated coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 target price for the company. Jefferies Financial Group cut their target price on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada upped their price target on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, March 30th. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.71.

About Kinder Morgan

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.