Cypress Capital Group Has $3.11 Million Stock Position in Kinder Morgan, Inc. $KMI

Cypress Capital Group lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 21.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,831 shares of the pipeline company’s stock after buying an additional 16,465 shares during the period. Cypress Capital Group’s holdings in Kinder Morgan were worth $3,113,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of KMI. OMERS ADMINISTRATION Corp raised its stake in Kinder Morgan by 29.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 93,293 shares of the pipeline company’s stock worth $3,128,000 after acquiring an additional 21,354 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Kinder Morgan by 0.6% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 365,180 shares of the pipeline company’s stock valued at $12,244,000 after purchasing an additional 2,101 shares during the last quarter. Lombard Odier Asset Management Switzerland SA grew its holdings in shares of Kinder Morgan by 17.0% during the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 65,265 shares of the pipeline company’s stock valued at $2,188,000 after purchasing an additional 9,493 shares during the last quarter. Waverly Advisors LLC increased its position in Kinder Morgan by 18.0% during the 1st quarter. Waverly Advisors LLC now owns 178,155 shares of the pipeline company’s stock worth $5,974,000 after purchasing an additional 27,234 shares in the last quarter. Finally, Bridgewater Advisors Inc. lifted its stake in Kinder Morgan by 5.7% in the 1st quarter. Bridgewater Advisors Inc. now owns 16,300 shares of the pipeline company’s stock valued at $547,000 after purchasing an additional 878 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the sale, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 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 sale, the vice president directly owned 176,540 shares of the company’s stock, valued at $5,721,661.40. This represents a 3.37% decrease in their position. 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 21,598 shares of company stock worth $693,689. 12.72% of the stock is owned by insiders.

Key Stories Impacting Kinder Morgan

Here are the key news stories impacting Kinder Morgan this week:

Analysts Set New Price Targets

A number of research analysts have recently commented on KMI shares. UBS Group reiterated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. Royal Bank Of Canada upped their target price on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Finally, Citigroup boosted their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Eight investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and an average price target of $35.08.

Read Our Latest Stock Report on KMI

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $32.87 on Friday. The stock has a market cap of $73.13 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.60 and a beta of 0.54. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company’s fifty day moving average is $32.26 and its 200 day moving average is $31.83. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the company earned $0.28 EPS. Kinder Morgan’s revenue for the quarter was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.52 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.

About Kinder Morgan

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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