Kinder Morgan, Inc. $KMI Shares Bought by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 44.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,726 shares of the pipeline company’s stock after buying an additional 37,894 shares during the period. Kinder Morgan comprises 1.2% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Brown Miller Wealth Management LLC’s holdings in Kinder Morgan were worth $4,149,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at about $27,000. Commonwealth Retirement Investments LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $27,000. Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $28,000. Dorato Capital Management acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $30,000. Finally, Basepoint Wealth LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $30,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KMI shares. Mizuho upped their target price on Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Morgan Stanley lifted their price target 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. Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. UBS Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Finally, Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $34.71.

Kinder Morgan Stock Down 2.6%

Shares of KMI opened at $32.31 on Tuesday. The stock has a 50 day moving average price of $32.17 and a 200 day moving average price of $31.16. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The stock has a market capitalization of $71.89 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.76 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $0.2975 per share. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is presently 79.87%.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the company’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 completion of the sale, the vice president owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the transaction, the vice president directly owned 176,540 shares in the company, valued at $5,721,661.40. This trade represents a 3.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 worth $749,206. Corporate insiders own 12.72% of the company’s stock.

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.