Vontobel Holding Ltd. Sells 1,692,574 Shares of Kinder Morgan, Inc. $KMI

Vontobel Holding Ltd. trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 29.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,963,674 shares of the pipeline company’s stock after selling 1,692,574 shares during the period. Vontobel Holding Ltd. owned approximately 0.18% of Kinder Morgan worth $126,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMI. Klingman & Associates LLC increased its position in Kinder Morgan by 3.9% during the 1st quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock valued at $285,000 after buying an additional 319 shares in the last quarter. TD Capital Management LLC boosted its holdings in Kinder Morgan by 36.0% in the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 323 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Kinder Morgan by 13.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after acquiring an additional 329 shares during the last quarter. Abel Hall LLC grew its stake in shares of Kinder Morgan by 4.0% in the first quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock worth $288,000 after acquiring an additional 330 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Kinder Morgan by 4.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock valued at $232,000 after acquiring an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the transaction, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. 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 business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This represents 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. In the last ninety days, insiders have sold 15,432 shares of company stock worth $493,849. Insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on KMI. UBS Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Morgan Stanley set a $38.00 target price on shares of Kinder Morgan in a research note on Wednesday, July 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Hold” and an average price target of $35.50.

Kinder Morgan Stock Up 2.3%

KMI stock opened at $32.83 on Friday. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The business has a fifty day moving average price of $31.99 and a 200-day moving average price of $32.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The stock has a market capitalization of $73.09 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.58 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.2975 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.6%. Kinder Morgan’s dividend payout ratio is currently 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.