Jackson Wealth Management LLC Reduces Stake in Kinder Morgan, Inc. $KMI

Jackson Wealth Management LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 91.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,824 shares of the pipeline company’s stock after selling 110,338 shares during the quarter. Jackson Wealth Management LLC’s holdings in Kinder Morgan were worth $314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Benjamin Edwards Inc. grew its holdings in Kinder Morgan by 14.4% during the 4th quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock valued at $12,849,000 after purchasing an additional 59,013 shares during the last quarter. Partners Group Holding AG lifted its stake in Kinder Morgan by 45.0% in the fourth 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. Generali Asset Management SPA SGR boosted its position in shares of Kinder Morgan by 47.4% during the fourth quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company’s stock valued at $4,309,000 after buying an additional 50,403 shares during the period. GSA Capital Partners LLP grew its stake in shares of Kinder Morgan by 152.2% during the fourth quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock valued at $1,503,000 after buying an additional 32,998 shares during the last quarter. Finally, OP Asset Management Ltd purchased a new stake in shares of Kinder Morgan in the first quarter worth approximately $6,412,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction 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 sale, the vice president owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This trade represents a 3.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Tuesday, June 16th. The shares were 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 owned 41,743 shares in the company, valued at $1,312,399.92. This 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. Over the last three months, insiders have sold 13,882 shares of company stock worth $441,691. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan Price Performance

KMI opened at $32.27 on Tuesday. The company has a market capitalization of $71.86 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.47 and a beta of 0.54. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The business’s fifty day simple moving average is $32.03 and its 200-day simple moving average is $32.37.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share 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 during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. The firm’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. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is currently 76.28%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KMI. Wells Fargo & Company raised their price target on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. UBS Group restated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Finally, Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Eight research 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, Kinder Morgan has an average rating of “Hold” and an average price target of $35.50.

Kinder Morgan 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.