Kinder Morgan, Inc. $KMI Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 11.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,739,835 shares of the pipeline company’s stock after selling 630,558 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Kinder Morgan were worth $151,533,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. boosted its position in shares of Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 750 shares during the period. Transamerica Financial Advisors LLC increased its position in Kinder Morgan by 72.9% during the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after buying an additional 328 shares during the period. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $28,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent research reports. UBS Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a report on Monday, June 15th. Morgan Stanley set a $38.00 price objective on shares of Kinder Morgan in a research report on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.50.

Insider Buying and Selling at Kinder Morgan

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 transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at $5,423,004.42. This represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,882 shares of company stock valued at $441,691 in the last quarter. 12.72% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.1%

KMI stock opened at $31.57 on Friday. The stock has a market capitalization of $70.30 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54. The company has a fifty day moving average of $32.03 and a 200-day moving average of $32.35. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.22 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’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. As a group, analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. 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.