Hilltop Holdings Inc. Has $575,000 Stake in Kinder Morgan, Inc. $KMI

Hilltop Holdings Inc. reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 62.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 17,147 shares of the pipeline company’s stock after selling 28,357 shares during the period. Hilltop Holdings Inc.’s holdings in Kinder Morgan were worth $575,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth $27,000. Acumen Wealth Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new position in Kinder Morgan during the first quarter worth about $28,000. Dorato Capital Management purchased a new position in Kinder Morgan during the fourth quarter worth about $30,000. Finally, Basepoint Wealth LLC bought a new stake in Kinder Morgan in the 4th quarter worth about $30,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on 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 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 document filed with the SEC, which is available at the SEC website. 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 that occurred 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 completion of the sale, the vice president directly owned 164,208 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 21,598 shares of company stock worth $693,689. Insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KMI shares. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Thursday. Citigroup lifted their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company upped their price objective on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday. Eight investment 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 currently has a consensus rating of “Hold” and a consensus target price of $35.33.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $31.73 on Tuesday. The business’s 50 day simple moving average is $32.21 and its 200 day simple moving average is $31.90. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a market cap of $70.59 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 2.69 and a beta of 0.54. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (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 business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.52 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a $0.2975 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.

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.