XML Financial LLC Reduces Stock Position in Kinder Morgan, Inc. $KMI

XML Financial LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,092 shares of the pipeline company’s stock after selling 44,007 shares during the quarter. XML Financial LLC’s holdings in Kinder Morgan were worth $6,573,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KMI. Norges Bank purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $1,132,125,000. AQR Capital Management LLC boosted its holdings in shares of Kinder Morgan by 431.9% during the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock valued at $185,971,000 after acquiring an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at about $138,477,000. Zimmer Partners LP boosted its holdings in shares of Kinder Morgan by 177.8% during the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock valued at $171,845,000 after acquiring an additional 3,885,000 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $85,364,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president owned 43,293 shares of the company’s stock, valued at approximately $1,456,809.45. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $32.93, for a total transaction of $203,046.38. Following the completion of the transaction, the vice president directly owned 182,706 shares in the company, valued at approximately $6,016,508.58. The trade was a 3.26% 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. In the last three months, insiders sold 23,148 shares of company stock worth $752,089. 12.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KMI. Truist Financial began coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target on the stock. Citigroup raised their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Mizuho raised their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Finally, Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

Kinder Morgan Stock Performance

KMI opened at $31.71 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The company has a market cap of $70.54 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 2.64 and a beta of 0.54. The company’s 50 day moving average is $32.48 and its 200 day moving average is $30.59. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. The ex-dividend date of this dividend was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. Kinder Morgan’s payout ratio is 79.87%.

Kinder Morgan 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.