Kinder Morgan, Inc. $KMI Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.5% during the 2nd quarter, Holdings Channel reports. The fund owned 628,692 shares of the pipeline company’s stock after selling 29,549 shares during the period. D.A. Davidson & CO.’s holdings in Kinder Morgan were worth $20,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Evolution Wealth Management Inc. raised its stake in shares of Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 750 shares in the last quarter. Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter worth approximately $28,000. Acumen Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $28,000. Finally, Basepoint Wealth LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $30,000. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Citigroup reissued a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings cut Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Hold” and an average target price of $35.50.

Kinder Morgan Stock Up 2.3%

KMI stock opened at $32.83 on Friday. The firm has a market cap of $73.09 billion, a PE ratio of 21.04, a P/E/G ratio of 2.58 and a beta of 0.54. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The firm has a 50 day simple moving average of $31.99 and a 200 day simple moving average of $32.24.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. The firm 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%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Insiders Place Their Bets

In other news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the sale, the vice president directly owned 164,208 shares of the company’s stock, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,432 shares of company stock worth $493,849 over the last ninety days. 12.72% of the stock is owned by insiders.

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.