Gateway Wealth Partners LLC Acquires Shares of 27,263 Kinder Morgan, Inc. $KMI

Gateway Wealth Partners LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,263 shares of the pipeline company’s stock, valued at approximately $914,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Kinder Morgan in the 4th quarter worth $1,132,125,000. AQR Capital Management LLC increased its holdings in Kinder Morgan by 431.9% in the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock valued at $185,971,000 after purchasing an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP acquired a new position in Kinder Morgan in the second quarter valued at about $138,477,000. Zimmer Partners LP lifted its stake in Kinder Morgan by 177.8% in the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock valued at $171,845,000 after buying an additional 3,885,000 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in Kinder Morgan during the fourth quarter worth about $85,364,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.9%

NYSE:KMI opened at $31.88 on Thursday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.41. The stock has a market capitalization of $70.99 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.55 and a beta of 0.54. The business’s 50-day simple moving average is $32.13 and its 200-day simple moving average is $31.96.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.Kinder Morgan’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.54 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is 76.28%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KMI. UBS Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Citigroup reiterated a “neutral” rating on shares of Kinder Morgan in a report on Wednesday. Finally, Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.50.

Insider Buying and Selling at Kinder Morgan

In related news, 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 value of $196,695.40. Following the sale, the vice president directly owned 164,208 shares of the company’s stock, valued at approximately $5,238,235.20. The trade was a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,598 shares of company stock valued at $693,689 in the last three months. 12.72% of the stock is owned by insiders.

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.