Kinder Morgan, Inc. $KMI Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187,278 shares of the pipeline company’s stock after selling 20,829 shares during the quarter. Meridian Wealth Management LLC’s holdings in Kinder Morgan were worth $5,987,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Klingman & Associates LLC grew its stake in shares of Kinder Morgan by 3.9% during the 1st quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock worth $285,000 after purchasing an additional 319 shares during the period. TD Capital Management LLC boosted its holdings in Kinder Morgan by 36.0% during the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after buying an additional 323 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Kinder Morgan by 13.0% during the fourth 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 in the last quarter. Abel Hall LLC grew its position in Kinder Morgan by 4.0% during the first quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock worth $288,000 after buying an additional 330 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Kinder Morgan by 4.1% during the fourth 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. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $32.83 on Monday. 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 capitalization of $73.09 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.57 and a beta of 0.54. The company’s 50 day simple moving average is $31.99 and its 200 day simple moving average is $32.26. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81.

Kinder Morgan (NYSE:KMI) last released its 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. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Announces Dividend

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

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated 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 sale, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,882 shares of company stock valued at $441,691 over the last quarter. Insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Finally, Morgan Stanley set a $38.00 target price on Kinder Morgan in a research report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.50.

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.