Keudell Morrison Wealth Management Takes $529,000 Position in Kinder Morgan, Inc. $KMI

Keudell Morrison Wealth Management purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,243 shares of the pipeline company’s stock, valued at approximately $529,000.

Other institutional investors have also added to or reduced their stakes in the company. Providence Capital Advisors LLC bought a new position in Kinder Morgan during the 3rd quarter valued at approximately $2,674,000. Meixler Investment Management Ltd. purchased a new stake in shares of Kinder Morgan in the third quarter worth $1,882,000. HighTower Advisors LLC increased its holdings in shares of Kinder Morgan by 3.9% during the third quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock valued at $34,874,000 after acquiring an additional 46,396 shares in the last quarter. Kayne Anderson Capital Advisors LP increased 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 acquiring an additional 1,682,241 shares in the last quarter. Finally, Cibc World Market Inc. raised its position in shares of Kinder Morgan by 12.9% in the 3rd quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company’s stock worth $24,605,000 after purchasing an additional 99,540 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president owned 43,293 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this link. 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 that occurred on Monday, April 6th. The shares were sold at an average price of $32.93, for a total transaction of $203,046.38. Following the sale, the vice president owned 182,706 shares of the company’s stock, valued at $6,016,508.58. This trade represents a 3.26% 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. In the last three months, insiders sold 23,148 shares of company stock worth $763,434. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $33.80 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average price of $32.78 and a 200-day moving average price of $30.22. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The firm has a market capitalization of $75.19 billion, a PE ratio of 22.68, a P/E/G ratio of 2.87 and a beta of 0.56.

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

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. The ex-dividend date of this dividend was Monday, May 4th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio is presently 79.87%.

Wall Street Analyst Weigh In

Several analysts recently commented on KMI shares. Truist Financial initiated coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective on the stock. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Morgan Stanley raised their price target 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. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Finally, Royal Bank Of Canada increased their target price on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.20.

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.