Pacer Advisors Inc. Sells 110,974 Shares of Kinder Morgan, Inc. $KMI

Pacer Advisors Inc. cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 29.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 261,037 shares of the pipeline company’s stock after selling 110,974 shares during the quarter. Pacer Advisors Inc.’s holdings in Kinder Morgan were worth $8,753,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Kinder Morgan by 1.0% in 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 period. State Street Corp increased its holdings in Kinder Morgan by 2.2% in the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock worth $3,212,490,000 after acquiring an additional 2,510,601 shares in the last quarter. Bank of America Corp DE increased its holdings in Kinder Morgan by 1.4% in the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after acquiring an additional 836,571 shares in the last quarter. Norges Bank bought a new stake in Kinder Morgan during the 4th quarter worth approximately $1,132,125,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Kinder Morgan by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company’s stock worth $827,582,000 after acquiring an additional 195,088 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares in the company, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their position. The transaction was disclosed in a legal 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 Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were 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 of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% 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. Insiders have sold a total of 15,432 shares of company stock valued at $493,849 in the last 90 days. 12.72% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $31.41 on Wednesday. The firm has a market cap of $69.95 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 2.54 and a beta of 0.54. The firm has a fifty day moving average price of $31.98 and a 200 day moving average price of $32.09. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating 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 in the previous year, the firm posted $0.28 EPS. Kinder Morgan’s revenue for the quarter was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.54 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.50.

About Kinder Morgan

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.