Gabelli Funds LLC Decreases Stock Holdings in Kinder Morgan, Inc. $KMI

Gabelli Funds LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 7.0% during the first quarter, Holdings Channel.com reports. The firm owned 803,821 shares of the pipeline company’s stock after selling 60,100 shares during the quarter. Gabelli Funds LLC’s holdings in Kinder Morgan were worth $26,952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new position in Kinder Morgan in the first quarter worth about $28,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. First Pacific Financial boosted its holdings in shares of Kinder Morgan by 9,900.0% in the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock valued at $34,000 after buying an additional 990 shares in the last quarter. Acumen Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $28,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Kinder Morgan in the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan News Roundup

Here are the key news stories impacting Kinder Morgan this week:

Wall Street Analyst Weigh In

A number of research firms recently commented on KMI. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. 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 report on Monday, March 30th. Citigroup upped their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.08.

Read Our Latest Stock Report on Kinder Morgan

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 Kinder Morgan stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the sale, the vice president directly owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. This represents a 3.37% 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 three months, insiders sold 21,598 shares of company stock worth $693,689. 12.72% of the stock is owned by insiders.

Kinder Morgan Stock Up 0.3%

KMI stock opened at $32.87 on Friday. The stock has a market capitalization of $73.13 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average of $32.26 and a 200 day moving average of $31.83.

Kinder Morgan (NYSE:KMIGet Free Report) last issued 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 analyst estimates of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.52 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 76.28%.

About Kinder Morgan

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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