Forum Financial Management LP Has $928,000 Holdings in Kinder Morgan, Inc. $KMI

Forum Financial Management LP trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 62.0% during the first quarter, Holdings Channel.com reports. The fund owned 27,672 shares of the pipeline company’s stock after selling 45,173 shares during the quarter. Forum Financial Management LP’s holdings in Kinder Morgan were worth $928,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KMI. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $28,000. Dorato Capital Management bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $30,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $30,000. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares in the company, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% 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. Over the last 90 days, insiders sold 23,148 shares of company stock worth $749,206. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Down 2.6%

Shares of KMI stock opened at $32.31 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The stock’s fifty day moving average price is $32.17 and its two-hundred day moving average price is $31.16. 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 company has a market cap of $71.89 billion, a PE ratio of 21.69, a P/E/G ratio of 2.76 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.10. The business had revenue of $4.83 billion during 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 revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. 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 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

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

Analysts Set New Price Targets

KMI has been the topic of a number of recent research reports. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Mizuho increased their target price on Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada boosted their price target on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Eight investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.71.

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.