Inspire Investing LLC Has $5.96 Million Holdings in Kinder Morgan, Inc. $KMI

Inspire Investing LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 27.3% in the 4th quarter, HoldingsChannel reports. The fund owned 216,689 shares of the pipeline company’s stock after selling 81,539 shares during the quarter. Inspire Investing LLC’s holdings in Kinder Morgan were worth $5,957,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Loomis Sayles & Co. L P grew its position in shares of Kinder Morgan by 13.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after buying an additional 329 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Kinder Morgan by 4.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock worth $232,000 after buying an additional 333 shares during the period. Waddell & Associates LLC grew its position in shares of Kinder Morgan by 1.3% during the 4th quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock worth $720,000 after buying an additional 336 shares during the period. Abbot Financial Management Inc. grew its position in shares of Kinder Morgan by 0.8% during the 4th quarter. Abbot Financial Management Inc. now owns 44,707 shares of the pipeline company’s stock worth $1,229,000 after buying an additional 338 shares during the period. Finally, Personal CFO Solutions LLC grew its position in shares of Kinder Morgan by 4.5% during the 4th quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock worth $217,000 after buying an additional 340 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.5%

Kinder Morgan stock opened at $31.28 on Thursday. The company’s 50 day simple moving average is $32.18 and its 200 day simple moving average is $30.87. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The firm has a market capitalization of $69.59 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.62 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.

Kinder Morgan (NYSE:KMI) last released 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 business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the firm earned $0.34 EPS. Kinder Morgan’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. As a group, sell-side analysts anticipate 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 was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is currently 79.87%.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the sale, the vice president owned 170,374 shares in the company, valued at $5,423,004.42. This represents a 3.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. 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 90 days, insiders sold 23,148 shares of company stock valued at $749,206. 12.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMI has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. 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 target for the company. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Finally, Citigroup lifted their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $34.53.

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.