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Dupree Financial Group LLC Acquires Shares of 199,226 Kinder Morgan, Inc. $KMI

Kinder Morgan logo with Energy background
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Key Points

  • Dupree Financial Group LLC acquired a new stake of 199,226 shares of Kinder Morgan in Q4, valued at about $5.48 million and representing 2.0% of Dupree’s portfolio (its 23rd largest holding).
  • Kinder Morgan beat Q1 estimates, reporting $4.83 billion in revenue (up ~13.8% YoY) and $0.48 EPS versus $0.38 expected, and also raised its quarterly dividend to $0.2975 (annualized $1.19, ~3.8% yield).
  • Market sentiment is mixed with a MarketBeat consensus rating of "Hold" and a $34.20 target; institutional investors own 62.52% of the stock while insiders hold 12.72% amid recent insider selling and a director purchase.
  • Five stocks we like better than Kinder Morgan.

Dupree Financial Group LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 199,226 shares of the pipeline company's stock, valued at approximately $5,477,000. Kinder Morgan comprises 2.0% of Dupree Financial Group LLC's portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Personal CFO Solutions LLC increased its position in 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 purchasing an additional 340 shares during the period. Golden State Equity Partners increased its position in Kinder Morgan by 2.2% during the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company's stock worth $485,000 after purchasing an additional 368 shares during the period. Red Door Wealth Management LLC increased its position in Kinder Morgan by 2.2% during the 4th quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company's stock worth $489,000 after purchasing an additional 389 shares during the period. Tradewinds Capital Management LLC increased its position in Kinder Morgan by 11.1% during the 3rd quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company's stock worth $114,000 after purchasing an additional 401 shares during the period. Finally, Ascent Group LLC increased its position in Kinder Morgan by 3.5% during the 3rd quarter. Ascent Group LLC now owns 11,935 shares of the pipeline company's stock worth $338,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $32.93, for a total value of $203,046.38. Following the sale, the vice president owned 182,706 shares of the company's stock, valued at approximately $6,016,508.58. This represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William A. Smith bought 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the purchase, the director owned 31,087 shares in the company, valued at $924,838.25. This represents a 10.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 29,598 shares of company stock worth $952,572. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

KMI opened at $31.72 on Friday. The stock has a market cap of $70.58 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.85 and a beta of 0.64. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.50. The stock's 50 day simple moving average is $32.91 and its 200 day simple moving average is $29.49. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.73.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.10. The business had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.42 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a $0.2975 dividend. The ex-dividend date is 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 payout ratio is currently 85.40%.

More Kinder Morgan News

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KMI shares. Freedom Capital upgraded Kinder Morgan from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 28th. Jefferies Financial Group dropped their target price on Kinder Morgan from $36.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday. Morgan Stanley boosted their target price on 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 upped their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, March 13th. Finally, Stifel Nicolaus upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a "hold" rating in a report on Friday, March 13th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, Kinder Morgan has a consensus rating of "Hold" and a consensus price target of $34.20.

View Our Latest Report on KMI

Kinder Morgan Profile

(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.

See Also

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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