Punch & Associates Investment Management Inc. Has $11.10 Million Stake in Kinder Morgan, Inc. $KMI

Punch & Associates Investment Management Inc. decreased its stake in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 23.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 330,957 shares of the pipeline company’s stock after selling 99,428 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Kinder Morgan were worth $11,097,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KMI. Commonwealth Retirement Investments LLC bought a new position in Kinder Morgan in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new position in shares of Kinder Morgan in the first quarter valued at $28,000. Acumen Wealth Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth $28,000. Dorato Capital Management bought a new stake in Kinder Morgan during the fourth quarter worth $30,000. Finally, Basepoint Wealth LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at $30,000. Institutional investors own 62.52% of the company’s stock.

Key Kinder Morgan News

Here are the key news stories impacting Kinder Morgan this week:

Wall Street Analyst Weigh In

KMI has been the topic of a number of research analyst reports. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Royal Bank Of Canada increased their price target on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Citigroup raised their price target on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.08.

Check Out Our Latest Analysis on KMI

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the sale, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. The trade was a 3.62% decrease in their position. 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 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 transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. The trade was a 3.58% 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. Insiders sold a total of 21,598 shares of company stock valued at $693,689 in the last quarter. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $32.87 on Friday. The firm has a market cap of $73.13 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 2.59 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, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The business’s 50 day moving average is $32.26 and its 200-day moving average is $31.83.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings results 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. 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 in the previous year, the company posted $0.28 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.57 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 76.28%.

Kinder Morgan Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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