Infrastructure Capital Advisors LLC Decreases Stock Position in Kinder Morgan, Inc. $KMI

Infrastructure Capital Advisors LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 611,460 shares of the pipeline company’s stock after selling 22,195 shares during the quarter. Kinder Morgan makes up about 1.6% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 17th largest position. Infrastructure Capital Advisors LLC’s holdings in Kinder Morgan were worth $16,809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Board of the Pension Protection Fund purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $28,000. Dorato Capital Management purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $30,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Morgan Stanley boosted their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Finally, Truist Financial initiated coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.53.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the sale, the vice president owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. 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. In the last three months, insiders have sold 23,148 shares of company stock valued at $749,206. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Trading Down 0.5%

NYSE KMI opened at $31.28 on Thursday. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a 50-day moving average of $32.18 and a 200-day moving average of $30.87. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The company has a market cap of $69.59 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.62 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its earnings results 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 during 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 revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.2975 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. Kinder Morgan’s dividend payout ratio is currently 79.87%.

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.