Harvest Investment Advisors LLC Takes Position in Kinder Morgan, Inc. $KMI

Key Points

• Harvest Investment Advisors disclosed a new fourth-quarter stake in Kinder Morgan, buying 72,510 shares valued at about $1.99 million.
• Kinder Morgan has seen broader institutional interest, with several other investors adding positions, and institutions now hold 62.52% of the company’s stock.
• The company recently raised its quarterly dividend to $0.2975 per share, while its latest earnings topped expectations with $0.48 EPS and revenue of $4.83 billion.

Harvest Investment Advisors LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 72,510 shares of the pipeline company's stock, valued at approximately $1,993,000.

A number of other large investors have also made changes to their positions in KMI. Board of the Pension Protection Fund acquired a new position in Kinder Morgan in the fourth quarter worth about $27,000. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan in the fourth quarter worth about $27,000. Acumen Wealth Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter worth about $28,000. Dorato Capital Management acquired a new position in Kinder Morgan in the fourth quarter worth about $30,000. Finally, Basepoint Wealth LLC acquired a new position in Kinder Morgan in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Monday, March 30th. The Goldman Sachs Group reissued a "buy" rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Scotiabank increased their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 26th. Citigroup increased their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday, March 30th. Finally, Weiss Ratings raised shares of Kinder Morgan from a "buy (b)" rating to a "buy (a-)" rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.53.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, April 6th. The shares were sold at an average price of $32.93, for a total transaction of $203,046.38. Following the transaction, the vice president directly owned 182,706 shares of the company's stock, valued at $6,016,508.58. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president directly owned 43,293 shares in the company, valued at approximately $1,456,809.45. This represents a 3.46% decrease in their ownership of the stock. 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 21,598 shares of company stock worth $700,474. Insiders own 12.72% of the company's stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $31.41 on Wednesday. The firm has a market cap of $69.88 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.62 and a beta of 0.54. The company has a 50 day moving average of $32.21 and a 200-day moving average of $30.84. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The business had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.55 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. Kinder Morgan's revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $0.2975 per share. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan's payout ratio is 79.87%.

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.

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