Kinder Morgan, Inc. $KMI Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. lessened its position in Kinder Morgan, Inc. (NYSE:KMI) by 11.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 124,014 shares of the pipeline company’s stock after selling 16,631 shares during the period. Praxis Investment Management Inc.’s holdings in Kinder Morgan were worth $3,409,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Indivisible Partners purchased a new stake in Kinder Morgan in the 4th quarter valued at approximately $259,000. RFG Advisory LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $322,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Kinder Morgan by 6.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,166,902 shares of the pipeline company’s stock worth $115,465,000 after buying an additional 235,379 shares in the last quarter. BOKF NA lifted its holdings in shares of Kinder Morgan by 61.4% in the 4th quarter. BOKF NA now owns 338,504 shares of the pipeline company’s stock valued at $9,305,000 after buying an additional 128,832 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Kinder Morgan by 0.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 330,471 shares of the pipeline company’s stock valued at $9,085,000 after buying an additional 1,147 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the sale, the vice president owned 100,146 shares of the company’s stock, valued at $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the completion of the sale, the vice president owned 176,540 shares in the company, valued at $5,721,661.40. This represents a 3.37% 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. In the last three months, insiders have sold 29,598 shares of company stock valued at $966,877. Insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Citigroup boosted their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Zacks Research raised shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Mizuho raised their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.20.

Kinder Morgan Stock Performance

NYSE KMI opened at $31.60 on Thursday. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.73. The company has a market capitalization of $70.29 billion, a P/E ratio of 21.20, a PEG ratio of 2.78 and a beta of 0.56. The business has a 50 day moving average price of $32.85 and a 200 day moving average price of $29.70. 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 posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.Kinder Morgan’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.48 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a $0.2975 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is presently 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.