Smithbridge Asset Management Inc. DE Raises Stock Position in Kinder Morgan, Inc. $KMI

Smithbridge Asset Management Inc. DE boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 97.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,548 shares of the pipeline company’s stock after acquiring an additional 53,690 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Kinder Morgan were worth $2,984,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC purchased a new position in Kinder Morgan during the fourth quarter worth about $27,000. Dorato Capital Management purchased a new position in Kinder Morgan during the fourth quarter worth about $30,000. Basepoint Wealth LLC purchased a new position in Kinder Morgan during the fourth quarter worth about $30,000. Finally, Strategic Advocates LLC purchased a new position in Kinder Morgan during the third quarter worth about $32,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley boosted their target price on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Stifel Nicolaus boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, March 13th. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research note on Wednesday. Finally, Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given 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 “Moderate Buy” and a consensus price target of $34.20.

Insiders Place Their Bets

In related news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the sale, the vice president directly owned 43,293 shares in the company, valued at $1,456,809.45. This represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the sale, the vice president owned 170,374 shares of the company’s stock, valued at $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,148 shares of company stock valued at $752,089 in the last ninety days. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

KMI opened at $31.87 on Thursday. The stock has a 50-day moving average price of $32.34 and a 200-day moving average price of $30.71. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $70.91 billion, a P/E ratio of 21.39, a PEG ratio of 2.61 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $4.55 billion. During the same period in the prior year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $0.2975 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio is currently 79.87%.

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.