Elevation Point Wealth Partners LLC Acquires 41,814 Shares of Kinder Morgan, Inc. $KMI

Elevation Point Wealth Partners LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 23.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 221,742 shares of the pipeline company’s stock after acquiring an additional 41,814 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Kinder Morgan were worth $7,435,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Kinder Morgan by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock worth $5,780,637,000 after buying an additional 2,165,130 shares during the last quarter. State Street Corp increased its stake in shares of Kinder Morgan by 2.2% in the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock valued at $3,212,490,000 after acquiring an additional 2,510,601 shares during the last quarter. Norges Bank acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $1,132,125,000. Charles Schwab Investment Management Inc. raised its position in shares of Kinder Morgan by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company’s stock valued at $827,582,000 after acquiring an additional 195,088 shares during the period. Finally, Orbis Allan Gray Ltd boosted its stake in Kinder Morgan by 3.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after acquiring an additional 670,856 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, VP Michael P. 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 transaction of $48,732.00. Following the completion of the transaction, the vice president directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the sale, the vice president owned 170,374 shares in the company, valued at approximately $5,423,004.42. This trade represents a 3.49% 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 ninety days, insiders sold 23,148 shares of company stock valued at $749,206. Insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of several recent analyst reports. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Royal Bank Of Canada upped their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Finally, Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Hold” and a consensus target price of $34.71.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $32.07 on Friday. The company has a fifty day moving average price of $32.18 and a two-hundred day moving average price of $31.27. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The stock has a market cap of $71.34 billion, a P/E ratio of 21.52, a P/E/G ratio of 2.64 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping 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 company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period in the previous year, the business earned $0.34 EPS. Kinder Morgan’s revenue for the quarter 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. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.2975 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio is currently 79.87%.

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.