Jackson Wealth Management LLC Trims Stake in Kinder Morgan, Inc. $KMI

Key Points

• Jackson Wealth Management cut its Kinder Morgan stake by 91.8% in the second quarter, selling 110,338 shares and retaining 9,824 shares valued at approximately $314,000. Hedge funds and institutional investors collectively own 62.52% of KMI.
• Kinder Morgan exceeded quarterly expectations, reporting $0.37 EPS versus the $0.31 consensus and revenue of $4.48 billion, up 10.8% year over year. The company also maintained its quarterly dividend at $0.2975, implying a 3.7% annualized yield.
• Analyst sentiment remains mixed, with eight Buy ratings and ten Holds, producing an overall “Hold” consensus and an average price target of $35.50 versus the stock’s reported $32.27 opening price.

Jackson Wealth Management LLC lowered its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 91.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,824 shares of the pipeline company's stock after selling 110,338 shares during the period. Jackson Wealth Management LLC's holdings in Kinder Morgan were worth $314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. raised its position in shares of Kinder Morgan by 14.4% in the 4th quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company's stock worth $12,849,000 after purchasing an additional 59,013 shares during the last quarter. Partners Group Holding AG increased its stake in Kinder Morgan by 45.0% during the 4th quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company's stock valued at $8,020,000 after purchasing an additional 90,593 shares in the last quarter. Generali Asset Management SPA SGR raised its holdings in Kinder Morgan by 47.4% in the fourth quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company's stock worth $4,309,000 after buying an additional 50,403 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Kinder Morgan by 152.2% in the fourth quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company's stock worth $1,503,000 after buying an additional 32,998 shares in the last quarter. Finally, OP Asset Management Ltd purchased a new stake in shares of Kinder Morgan during the first quarter valued at approximately $6,412,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the sale, the vice president owned 170,374 shares in the company, valued at $5,423,004.42. The trade was a 3.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business's 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. This represents a 3.58% decrease in their ownership of the stock. 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 worth $441,691 in the last three months. Insiders own 12.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KMI. Jefferies Financial Group restated a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Morgan Stanley set a $38.00 target price on Kinder Morgan in a research report on Wednesday, July 29th. Zacks Research lowered shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Citigroup reiterated a "neutral" rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of "Hold" and a consensus target price of $35.50.

Kinder Morgan Trading Up 2.2%

Shares of Kinder Morgan stock opened at $32.27 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. 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 $71.86 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.47 and a beta of 0.54. The company has a fifty day moving average of $32.03 and a 200 day moving average of $32.37.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The business had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business's quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan's payout ratio is 76.28%.

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.

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