Vontobel Holding Ltd. Sells 1,692,574 Shares of Kinder Morgan, Inc. $KMI

Vontobel Holding Ltd. trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 29.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,963,674 shares of the pipeline company’s stock after selling 1,692,574 shares during the period. Vontobel Holding Ltd.’s holdings in Kinder Morgan were worth $126,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Evolution Wealth Management Inc. grew its holdings in 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 during the period. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan in the fourth quarter worth about $27,000. Frazier Financial Advisors LLC bought a new position in shares of Kinder Morgan in the first quarter worth about $28,000. Acumen Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at about $28,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at about $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KMI. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. UBS Group reissued a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Finally, Morgan Stanley set a $38.00 price objective on shares of Kinder Morgan in a research report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.50.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $32.83 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The company has a market cap of $73.09 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.58 and a beta of 0.54. The firm’s fifty day moving average is $31.99 and its two-hundred day moving average is $32.24. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal 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 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 currently 76.28%.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This represents a 3.58% 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 have sold 15,432 shares of company stock valued at $493,849. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan 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.