Fort Washington Investment Advisors Inc. OH Has $68.05 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Fort Washington Investment Advisors Inc. OH boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,029,519 shares of the pipeline company’s stock after acquiring an additional 95,388 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Kinder Morgan were worth $68,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank grew its holdings in Kinder Morgan by 14.4% during the 3rd quarter. Huntington National Bank now owns 252,210 shares of the pipeline company’s stock worth $7,140,000 after acquiring an additional 31,662 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Kinder Morgan by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock worth $468,588,000 after purchasing an additional 205,820 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Kinder Morgan by 14.4% during the fourth quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock worth $12,849,000 after purchasing an additional 59,013 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Kinder Morgan by 44.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,135,863 shares of the pipeline company’s stock worth $29,523,000 after buying an additional 350,348 shares during the period. Finally, Oak Grove Capital LLC grew its position in shares of Kinder Morgan by 23.3% during the 3rd quarter. Oak Grove Capital LLC now owns 277,400 shares of the pipeline company’s stock worth $7,853,000 after buying an additional 52,500 shares during the period. 62.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KMI shares. Truist Financial assumed coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Scotiabank boosted their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Thursday, March 26th. Eight investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.71.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Tuesday, June 16th. The stock was 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 owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the transaction, the vice president owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. The trade was a 3.37% 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. Over the last ninety days, insiders sold 23,148 shares of company stock valued at $749,206. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $33.19 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The stock has a 50 day simple moving average of $32.16 and a 200 day simple moving average of $31.10. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The firm has a market capitalization of $73.84 billion, a PE ratio of 22.27, a P/E/G ratio of 2.76 and a beta of 0.54.

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

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $0.2975 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a yield of 3.6%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is presently 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.