Infrastructure Capital Advisors LLC Sells 57,063 Shares of Kinder Morgan, Inc. $KMI

Infrastructure Capital Advisors LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554,397 shares of the pipeline company’s stock after selling 57,063 shares during the quarter. Kinder Morgan accounts for approximately 1.3% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Infrastructure Capital Advisors LLC’s holdings in Kinder Morgan were worth $18,589,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Kinder Morgan by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock valued at $5,780,637,000 after purchasing an additional 2,165,130 shares during the period. State Street Corp lifted its position in shares of Kinder Morgan by 2.2% in the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock worth $3,212,490,000 after purchasing an additional 2,510,601 shares during the period. Norges Bank bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $1,132,125,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Kinder Morgan by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company’s stock valued at $827,582,000 after purchasing an additional 195,088 shares in the last quarter. Finally, Orbis Allan Gray Ltd increased its holdings in Kinder Morgan by 3.1% during the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after buying an additional 670,856 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the transaction, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. The trade was a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction dated Tuesday, June 16th. The stock was 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 directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% 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. Insiders have sold a total of 21,598 shares of company stock worth $693,689 over the last 90 days. Insiders own 12.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a research report on Thursday. Citigroup upped their price objective on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, UBS Group restated a “buy” rating and set a $43.00 target price on shares of Kinder Morgan in a research report on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.33.

Kinder Morgan Trading Down 3.4%

Kinder Morgan stock opened at $31.73 on Tuesday. The firm has a market cap of $70.59 billion, a PE ratio of 20.34, a P/E/G ratio of 2.69 and a beta of 0.54. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The stock’s 50 day simple moving average is $32.21 and its two-hundred day simple moving average is $31.90. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the business posted $0.28 EPS. The business’s revenue 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. Analysts anticipate that Kinder Morgan, Inc. will post 1.52 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Kinder Morgan Company 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.