Kinder Morgan, Inc. $KMI Shares Sold by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 14.4% during the second quarter, HoldingsChannel reports. The firm owned 358,543 shares of the pipeline company’s stock after selling 60,166 shares during the period. Kinder Morgan accounts for approximately 1.8% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 9th largest holding. Sterling Investment Advisors Ltd.’s holdings in Kinder Morgan were worth $11,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Partners Group Holding AG increased its holdings in Kinder Morgan by 45.0% during the 4th quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company’s stock worth $8,020,000 after purchasing an additional 90,593 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Kinder Morgan by 152.2% in the 4th quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock valued at $1,503,000 after purchasing an additional 32,998 shares in the last quarter. OP Asset Management Ltd acquired a new stake in shares of Kinder Morgan during the first quarter worth approximately $6,412,000. USS Investment Management Ltd increased its stake in shares of Kinder Morgan by 10.3% in the first quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company’s stock worth $14,116,000 after buying an additional 39,418 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in Kinder Morgan by 8.8% in the fourth quarter. Cerity Partners LLC now owns 1,056,258 shares of the pipeline company’s stock valued at $29,037,000 after acquiring an additional 85,625 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan 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 in the company, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president directly owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KMI. UBS Group reiterated a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Finally, Morgan Stanley set a $38.00 price objective on Kinder Morgan in a report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $35.50.

Kinder Morgan Stock Up 2.2%

KMI stock opened at $32.08 on Wednesday. The firm has a market cap of $71.43 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.22 and a beta of 0.56. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The firm has a fifty day moving average price of $31.93 and a two-hundred day moving average price of $32.36. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a dividend of $0.2975 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.7%. Kinder Morgan’s dividend payout ratio is 76.28%.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.