Kinder Morgan, Inc. $KMI Stock: First Citizens Bank & Trust Co. Decreases Stake

First Citizens Bank & Trust Co. reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 18.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 483,162 shares of the pipeline company’s stock after selling 111,747 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Kinder Morgan were worth $14,567,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. OP Asset Management Ltd purchased a new stake in shares of Kinder Morgan in the first quarter valued at approximately $6,412,000. USS Investment Management Ltd grew its stake in Kinder Morgan by 10.3% in the first quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company’s stock worth $14,116,000 after purchasing an additional 39,418 shares in the last quarter. Miller Howard Investments Inc. NY increased its holdings in Kinder Morgan by 3.2% during the 1st quarter. Miller Howard Investments Inc. NY now owns 1,822,905 shares of the pipeline company’s stock worth $61,122,000 after purchasing an additional 57,198 shares during the period. Oak Family Advisors LLC purchased a new position in Kinder Morgan during the 2nd quarter worth $3,627,000. Finally, International Assets Investment Management LLC bought a new stake in Kinder Morgan during the 1st quarter valued at $3,406,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Up 1.1%

Kinder Morgan stock opened at $33.44 on Wednesday. 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 firm has a market cap of $74.47 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.33 and a beta of 0.59. The business has a fifty day moving average of $31.55 and a two-hundred day moving average of $32.03. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81.

Kinder Morgan (NYSE:KMI) last announced 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. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s payout ratio is 76.28%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KMI shares. Morgan Stanley set a $33.00 target price on Kinder Morgan in a report on Thursday, September 17th. Argus upped their price objective on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Capital One Financial started coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They issued an “equal weight” rating and a $36.00 price objective for the company. Royal Bank Of Canada increased their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 22nd. Finally, Citigroup reissued a “neutral” rating and set a $34.00 target price (up from $33.00) on shares of Kinder Morgan in a research report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.47.

Insider Buying and Selling

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the transaction, the vice president directly owned 48,863 shares in the company, valued at approximately $1,504,980.40. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.