Kinder Morgan, Inc. $KMI Shares Purchased by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 83.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 109,477 shares of the pipeline company’s stock after buying an additional 49,910 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Kinder Morgan were worth $3,010,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KMI. Personal CFO Solutions LLC lifted its holdings in shares of Kinder Morgan by 4.5% in the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock valued at $217,000 after buying an additional 340 shares during the period. Red Door Wealth Management LLC raised its holdings in shares of Kinder Morgan by 2.2% in the 4th quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company’s stock worth $489,000 after purchasing an additional 389 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Kinder Morgan by 5.6% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,564 shares of the pipeline company’s stock worth $208,000 after purchasing an additional 399 shares in the last quarter. Sagespring Wealth Partners LLC lifted its stake in Kinder Morgan by 1.6% during the fourth quarter. Sagespring Wealth Partners LLC now owns 26,503 shares of the pipeline company’s stock valued at $729,000 after purchasing an additional 405 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its holdings in Kinder Morgan by 22.4% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,266 shares of the pipeline company’s stock worth $62,000 after buying an additional 414 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KMI shares. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Truist Financial started coverage on Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price on the stock. Jefferies Financial Group cut their target price on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Finally, Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.20.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $32.93, for a total value of $203,046.38. Following the transaction, the vice president owned 182,706 shares in the company, valued at approximately $6,016,508.58. This represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president owned 43,293 shares in the company, valued at approximately $1,456,809.45. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,148 shares of company stock worth $763,434 over the last ninety days. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $34.36 on Wednesday. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The stock has a market cap of $76.44 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The business has a fifty day simple moving average of $32.75 and a 200-day simple moving average of $30.09.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $0.2975 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio is 79.87%.

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.