Kinder Morgan, Inc. $KMI Shares Sold by Premier Fund Managers Ltd

Key Points

• Premier Fund Managers cut its Kinder Morgan stake by 25% in the second quarter, selling 39,700 shares and retaining 119,037 shares valued at approximately $3.84 million. Institutional investors collectively own 62.52% of KMI.
• Analyst sentiment remains mixed, with eight Buy ratings and ten Holds producing a consensus Hold rating and a $35.50 price target. UBS maintained a Buy rating with a $43 target, while Jefferies, Citigroup and Wolfe Research held more cautious views.
• Kinder Morgan exceeded quarterly expectations with adjusted earnings of $0.37 per share versus the $0.31 consensus and revenue of $4.48 billion. The company also declared a quarterly dividend of $0.2975 per share, equivalent to a 3.7% annualized yield.

Premier Fund Managers Ltd decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 25.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,037 shares of the pipeline company's stock after selling 39,700 shares during the quarter. Premier Fund Managers Ltd's holdings in Kinder Morgan were worth $3,842,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Evolution Wealth Management Inc. lifted its holdings in Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock worth $25,000 after buying an additional 750 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Kinder Morgan in the first quarter worth $28,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth $28,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the firm's 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 sale, the vice president owned 41,743 shares of the company's stock, valued at approximately $1,312,399.92. This trade 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 can be accessed 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 business's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president owned 164,208 shares of the company's stock, valued at $5,238,235.20. This represents a 3.62% 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. In the last 90 days, insiders have sold 15,432 shares of company stock valued at $493,849. 12.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on KMI. Jefferies Financial Group reiterated a "hold" rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Citigroup reaffirmed a "neutral" rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. UBS Group reissued a "buy" rating and set a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Weiss Ratings lowered shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, June 23rd. Finally, Wolfe Research cut shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $35.50.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $32.14 on Friday. The company has a market cap of $71.57 billion, a P/E ratio of 20.60, a PEG ratio of 2.57 and a beta of 0.54. The firm has a fifty day moving average price of $31.97 and a 200 day moving average price of $32.23. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The company 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%.Kinder Morgan'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. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.54 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan's dividend payout ratio (DPR) is 76.28%.

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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