Peak Asset Management LLC Decreases Holdings in Kinder Morgan, Inc. $KMI

Peak Asset Management LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 61.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,897 shares of the pipeline company’s stock after selling 72,486 shares during the quarter. Peak Asset Management LLC’s holdings in Kinder Morgan were worth $1,262,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KMI. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Dorato Capital Management acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $30,000. Strategic Advocates LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $32,000. Torren Management LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $32,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KMI shares. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wells Fargo & Company lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Citigroup lifted their price objective on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Finally, Barclays restated an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

Kinder Morgan Trading Down 0.0%

Shares of KMI opened at $33.63 on Monday. The stock has a fifty day moving average of $32.73 and a two-hundred day moving average of $29.97. 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 company has a market capitalization of $74.81 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.88 and a beta of 0.56. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.73.

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

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $0.2975 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a yield of 3.5%. Kinder Morgan’s payout ratio is presently 79.87%.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the sale, the vice president directly owned 188,872 shares in the company, valued at $6,359,320.24. This represents a 3.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $31.72, for a total value of $49,166.00. Following the sale, the vice president owned 44,843 shares of the company’s stock, valued at approximately $1,422,419.96. The trade was a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 29,598 shares of company stock worth $966,877. 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.