Kinder Morgan, Inc. $KMI Shares Sold by Energy Income Partners LLC

Energy Income Partners LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,435,176 shares of the pipeline company’s stock after selling 530,596 shares during the quarter. Kinder Morgan accounts for approximately 4.0% of Energy Income Partners LLC’s investment portfolio, making the stock its 4th largest holding. Energy Income Partners LLC’s holdings in Kinder Morgan were worth $249,301,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Commonwealth Retirement Investments LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter valued at $28,000. Frazier Financial Advisors LLC bought a new stake in Kinder Morgan during the first quarter valued at $28,000. Dorato Capital Management acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $30,000. Finally, Basepoint Wealth LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $30,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, 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 value of $48,732.00. Following the completion of the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This represents a 3.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total value of $199,840.06. Following the completion of the sale, the vice president owned 176,540 shares in the company, valued at approximately $5,721,661.40. This represents a 3.37% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 21,598 shares of company stock valued at $693,689. Insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Down 3.4%

KMI stock opened at $31.73 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The firm’s 50-day simple moving average is $32.21 and its 200 day simple moving average is $31.90. The stock has a market cap of $70.59 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.52 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s payout ratio is 76.28%.

Wall Street Analyst Weigh In

KMI has been the subject of several research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a research report on Thursday. Finally, Citigroup raised their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.33.

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.