Kornitzer Capital Management Inc. KS Has $85.64 Million Stock Position in Kinder Morgan, Inc. $KMI

Kornitzer Capital Management Inc. KS decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.0% during the 1st quarter, Holdings Channel reports. The firm owned 2,554,090 shares of the pipeline company’s stock after selling 25,931 shares during the quarter. Kinder Morgan comprises 1.8% of Kornitzer Capital Management Inc. KS’s holdings, making the stock its 8th largest position. Kornitzer Capital Management Inc. KS’s holdings in Kinder Morgan were worth $85,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in shares of Kinder Morgan in the fourth quarter valued at $27,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan during the 4th quarter worth $27,000. Acumen Wealth Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $28,000. Dorato Capital Management bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $30,000. Finally, Basepoint Wealth LLC purchased a new position in Kinder Morgan in the fourth quarter valued at approximately $30,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI traded down $0.28 during trading hours on Friday, hitting $32.12. The stock had a trading volume of 5,991,147 shares, compared to its average volume of 9,737,879. The firm has a market capitalization of $71.46 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.70 and a beta of 0.54. 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 50 day simple moving average of $32.24 and a two-hundred day simple moving average of $31.47. Kinder Morgan, Inc. has a one year low of $25.60 and a one year 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 for the quarter, topping 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 company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the prior year, the business earned $0.34 earnings per share. Kinder Morgan’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 forecast that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.7%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio (DPR) is presently 79.87%.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the completion of the transaction, the vice president directly owned 176,540 shares in the company, valued at approximately $5,721,661.40. This represents a 3.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares in the company, 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 three months, insiders sold 23,148 shares of company stock worth $742,855. 12.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on KMI shares. Stifel Nicolaus boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. 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 objective on the stock. Royal Bank Of Canada lifted their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Finally, Citigroup raised their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.71.

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.