GSA Capital Partners LLP Cuts Position in Kinder Morgan, Inc. $KMI

GSA Capital Partners LLP decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 60.4% during the second quarter, HoldingsChannel.com reports. The fund owned 45,913 shares of the pipeline company’s stock after selling 70,165 shares during the quarter. GSA Capital Partners LLP’s holdings in Kinder Morgan were worth $1,468,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $1,132,125,000. AQR Capital Management LLC increased its position in Kinder Morgan by 431.9% in the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP bought a new stake in Kinder Morgan in the second quarter worth $138,477,000. Zimmer Partners LP raised its stake in Kinder Morgan by 177.8% during the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock valued at $171,845,000 after purchasing an additional 3,885,000 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Kinder Morgan during the fourth quarter valued at $85,364,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on KMI shares. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. UBS Group reiterated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Finally, Morgan Stanley set a $38.00 price objective on Kinder Morgan in a research note on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.50.

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 Kinder Morgan stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. The trade was 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. Over the last quarter, insiders have sold 13,882 shares of company stock valued at $441,691. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $32.83 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The firm has a market capitalization of $73.09 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The company’s 50-day moving average is $31.99 and its 200 day moving average is $32.26.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue 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 forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a $0.2975 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

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.