SVB Wealth LLC Sells 18,118 Shares of Kinder Morgan, Inc. $KMI

SVB Wealth LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,237 shares of the pipeline company’s stock after selling 18,118 shares during the quarter. SVB Wealth LLC’s holdings in Kinder Morgan were worth $5,257,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Naples Global Advisors LLC increased its position in shares of Kinder Morgan by 1.6% during the 4th quarter. Naples Global Advisors LLC now owns 77,859 shares of the pipeline company’s stock worth $2,140,000 after purchasing an additional 1,224 shares in the last quarter. Cannon Financial Strategists Inc. bought a new stake in Kinder Morgan during the fourth quarter worth about $318,000. Drive Wealth Management LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $266,000. Pure Financial Advisors LLC increased its holdings in shares of Kinder Morgan by 8.6% during the fourth quarter. Pure Financial Advisors LLC now owns 7,889 shares of the pipeline company’s stock worth $217,000 after buying an additional 624 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp raised its stake in shares of Kinder Morgan by 3.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 35,168 shares of the pipeline company’s stock valued at $967,000 after acquiring an additional 1,134 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent analyst reports. Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. TD Cowen lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Mizuho increased their target price on Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Citigroup raised their target price on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Finally, Jefferies Financial Group cut their price target on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Two investment 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

Insider Buying and Selling at Kinder Morgan

In other news, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the transaction, the vice president directly owned 100,146 shares in the company, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $31.72, for a total transaction of $49,166.00. Following the transaction, the vice president directly owned 44,843 shares in the company, valued at $1,422,419.96. The trade was a 3.34% 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. Over the last quarter, insiders have sold 29,598 shares of company stock valued at $966,877. 12.72% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $31.36 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.73. The stock has a market capitalization of $69.77 billion, a P/E ratio of 21.05, a P/E/G ratio of 2.69 and a beta of 0.56. The business has a 50-day moving average price of $32.82 and a two-hundred day moving average price of $29.73.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period in the prior year, the business posted $0.34 earnings per share. Kinder Morgan’s revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a $0.2975 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, May 4th. Kinder Morgan’s dividend payout ratio is currently 79.87%.

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.