Pinnacle Holdings LLC Makes New Investment in Kinder Morgan, Inc. $KMI

Pinnacle Holdings LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 2nd quarter, HoldingsChannel reports. The fund purchased 48,657 shares of the pipeline company’s stock, valued at approximately $1,556,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Klingman & Associates LLC increased its position in shares of Kinder Morgan by 3.9% in the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock worth $285,000 after purchasing an additional 319 shares during the last quarter. TD Capital Management LLC grew its position in Kinder Morgan by 36.0% in the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 323 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Kinder Morgan by 13.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock valued at $79,000 after purchasing an additional 329 shares during the last quarter. Abel Hall LLC lifted its position in Kinder Morgan by 4.0% in the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock worth $288,000 after buying an additional 330 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Kinder Morgan by 4.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock worth $232,000 after buying an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $30.99 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average price is $32.03 and its 200-day moving average price is $32.33. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The stock has a market cap of $69.01 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.42 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 76.28%.

Insiders Place Their Bets

In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated 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 sale, the vice president directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the transaction, the vice president directly owned 164,208 shares of the company’s stock, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their position. 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. In the last three months, insiders sold 13,882 shares of company stock valued at $441,691. Corporate insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research reports. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Morgan Stanley set a $38.00 price objective on shares of Kinder Morgan in a research note on Wednesday, July 29th. 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 report on Tuesday, June 23rd. Finally, UBS Group reissued a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.50.

Kinder Morgan Company 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.