Ibex Wealth Advisors Purchases 136,144 Shares of Kinder Morgan, Inc. $KMI

Ibex Wealth Advisors raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 33.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 540,975 shares of the pipeline company’s stock after buying an additional 136,144 shares during the period. Kinder Morgan comprises about 1.5% of Ibex Wealth Advisors’ investment portfolio, making the stock its 13th biggest holding. Ibex Wealth Advisors’ holdings in Kinder Morgan were worth $14,871,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of KMI. HighTower Advisors LLC raised its holdings in Kinder Morgan by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock worth $34,874,000 after purchasing an additional 46,396 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Kinder Morgan by 15.6% during the third quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock valued at $352,519,000 after purchasing an additional 1,682,241 shares during the last quarter. Huntington National Bank boosted its holdings in Kinder Morgan by 14.4% in the third quarter. Huntington National Bank now owns 252,210 shares of the pipeline company’s stock worth $7,140,000 after acquiring an additional 31,662 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kinder Morgan by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock worth $5,891,773,000 after purchasing an additional 896,837 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kinder Morgan by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock valued at $468,588,000 after buying an additional 205,820 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the transaction, the vice president owned 43,293 shares in the company, 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 legal filing with the SEC, which is accessible through 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 company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $32.93, for a total value of $203,046.38. Following the sale, the vice president owned 182,706 shares in the company, valued at approximately $6,016,508.58. This trade represents a 3.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,598 shares of company stock valued at $700,474 in the last quarter. 12.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KMI shares. Mizuho boosted their price objective 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. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. UBS Group reaffirmed a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a report on Monday. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Finally, Morgan Stanley raised their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $34.53.

Kinder Morgan Trading Down 0.2%

KMI stock opened at $31.41 on Wednesday. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The company has a market capitalization of $69.88 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.62 and a beta of 0.54. The business has a 50 day simple moving average of $32.21 and a two-hundred day simple moving average of $30.84.

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

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.2975 dividend. 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, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is presently 79.87%.

About Kinder Morgan

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.