Meridian Wealth Management LLC Has $5.47 Million Position in Kinder Morgan, Inc. $KMI

Meridian Wealth Management LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,992 shares of the pipeline company’s stock after acquiring an additional 16,971 shares during the quarter. Meridian Wealth Management LLC’s holdings in Kinder Morgan were worth $5,470,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. HighPoint Advisor Group LLC raised its stake in shares of Kinder Morgan by 2.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 76,272 shares of the pipeline company’s stock valued at $2,097,000 after acquiring an additional 1,480 shares during the last quarter. KLCM Advisors Inc. raised its position in Kinder Morgan by 18.7% in the 4th quarter. KLCM Advisors Inc. now owns 34,216 shares of the pipeline company’s stock worth $941,000 after purchasing an additional 5,380 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs raised its position in Kinder Morgan by 6.2% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 251,309 shares of the pipeline company’s stock worth $6,908,000 after purchasing an additional 14,760 shares during the last quarter. Centric Wealth Management raised its position in Kinder Morgan by 6.9% in the 4th quarter. Centric Wealth Management now owns 117,427 shares of the pipeline company’s stock worth $3,477,000 after purchasing an additional 7,565 shares during the last quarter. Finally, 49 Wealth Management LLC raised its position in Kinder Morgan by 11.2% in the 4th quarter. 49 Wealth Management LLC now owns 15,088 shares of the pipeline company’s stock worth $415,000 after purchasing an additional 1,518 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the transaction, the vice president owned 188,872 shares in the company, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $31.72, for a total transaction of $49,166.00. Following the transaction, the vice president owned 44,843 shares of the company’s stock, valued at approximately $1,422,419.96. This represents a 3.34% 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. Over the last 90 days, insiders sold 29,598 shares of company stock worth $966,877. 12.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KMI has been the subject of several research analyst reports. Barclays restated an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. TD Cowen upped their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Jefferies Financial Group cut their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Finally, Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

Kinder Morgan Stock Up 2.8%

Shares of Kinder Morgan stock opened at $32.28 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.73. The business has a fifty day simple moving average of $32.78 and a 200 day simple moving average of $29.79. The stock has a market cap of $71.82 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.69 and a beta of 0.56.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue 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 predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a dividend of $0.2975 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, May 4th. 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.