Kinder Morgan, Inc. $KMI Shares Sold by Brookstone Capital Management

Key Points

• Brookstone Capital Management cut its Kinder Morgan stake by 8.6% in the first quarter, selling 36,520 shares and leaving it with 389,844 shares valued at about $13.1 million.
• Kinder Morgan reported strong quarterly results, with EPS of $0.48 versus estimates of $0.38 and revenue of $4.83 billion, up 13.8% year over year.
• The company also raised its dividend to $0.2975 per quarter, or $1.19 annualized, for a yield of about 3.7%, while analysts currently rate the stock a consensus Moderate Buy with a $34.71 price target.

Brookstone Capital Management lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,844 shares of the pipeline company's stock after selling 36,520 shares during the period. Brookstone Capital Management's holdings in Kinder Morgan were worth $13,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of KMI. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $27,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan during the fourth quarter valued at about $27,000. Acumen Wealth Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $28,000. Dorato Capital Management acquired a new stake in Kinder Morgan in the fourth quarter worth about $30,000. Finally, Basepoint Wealth LLC bought a new position in Kinder Morgan in the 4th quarter valued at about $30,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $32.20 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The business's 50-day moving average price is $32.10 and its 200 day moving average price is $30.97. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The firm has a market cap of $71.65 billion, a P/E ratio of 21.61, a PEG ratio of 2.63 and a beta of 0.54.

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

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is presently 79.87%.

Analyst Ratings Changes

A number of analysts have commented on KMI shares. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, March 13th. Morgan Stanley increased their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an "equal weight" rating in a report on Tuesday, March 3rd. Mizuho raised their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an "outperform" rating in a research note on Thursday, March 5th. Wolfe Research cut Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Finally, Truist Financial began coverage on Kinder Morgan in a research report on Tuesday, March 24th. They issued a "hold" rating and a $38.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.71.

Insider Activity at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares of the company's stock, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm's 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 sale, the vice president owned 170,374 shares of the company's stock, valued at $5,423,004.42. The trade was a 3.49% 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 23,148 shares of company stock valued at $749,206. Company insiders own 12.72% of the company's stock.

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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