Kinder Morgan, Inc. $KMI Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 25.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 119,037 shares of the pipeline company’s stock after selling 39,700 shares during the quarter. Premier Fund Managers Ltd’s holdings in Kinder Morgan were worth $3,842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Evolution Wealth Management Inc. grew its position in shares of Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 750 shares during the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new stake in Kinder Morgan during the 1st quarter worth $28,000. Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter worth $28,000. Finally, Basepoint Wealth LLC purchased a new position in Kinder Morgan during the 4th quarter worth $30,000. 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 Kinder Morgan stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the transaction, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This trade represents a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 15,432 shares of company stock valued at $493,849. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $32.14 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The stock has a market cap of $71.57 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The firm’s fifty day simple moving average is $31.97 and its 200-day simple moving average is $32.23.

Kinder Morgan (NYSE:KMI) last posted 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 net margin of 19.31% and a return on equity of 10.46%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.54 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.

Analyst Ratings Changes

A number of brokerages have recently commented on KMI. 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. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their target price on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.50.

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.