Pictet Asset Management Holding SA Sells 236,495 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Pictet Asset Management trimmed its stake in Kinder Morgan by 3.9% in Q4, selling 236,495 shares and finishing the quarter with 5,778,930 shares (about 0.26% of the company) valued at roughly $158.9 million; institutional investors own 62.52% of the stock.
• Kinder Morgan beat estimates with Q reported EPS of $0.48 (vs. $0.38 expected) and revenue of $4.83 billion (+13.8% YoY), and it set FY2026 guidance at 1.360 EPS while analysts project about $1.45 for the current year.
• The company raised its quarterly dividend to $0.2975 (annualized $1.19) for a yield of ~3.8%, with an ex-dividend date of May 4 and a payout ratio around 78.5%.

Pictet Asset Management Holding SA trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,778,930 shares of the pipeline company's stock after selling 236,495 shares during the quarter. Pictet Asset Management Holding SA owned about 0.26% of Kinder Morgan worth $158,861,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Personal CFO Solutions LLC raised its holdings in shares of Kinder Morgan by 4.5% in the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company's stock valued at $217,000 after buying an additional 340 shares during the last quarter. Golden State Equity Partners raised its holdings in shares of Kinder Morgan by 2.2% in the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company's stock valued at $485,000 after buying an additional 368 shares during the last quarter. Red Door Wealth Management LLC raised its holdings in shares of Kinder Morgan by 2.2% in the fourth quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company's stock valued at $489,000 after buying an additional 389 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of Kinder Morgan by 11.1% in the third quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company's stock valued at $114,000 after buying an additional 401 shares during the last quarter. Finally, Ascent Group LLC raised its holdings in shares of Kinder Morgan by 3.5% in the third quarter. Ascent Group LLC now owns 11,935 shares of the pipeline company's stock valued at $338,000 after buying an additional 405 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KMI shares. Wolfe Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Truist Financial started coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They set a "hold" rating and a $38.00 target price on the stock. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an "outperform" rating in a research report on Thursday, March 5th. TD Cowen upped their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, January 22nd. Finally, Freedom Capital upgraded shares of Kinder Morgan from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $34.20.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $31.01 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.50 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 $34.73. The company has a market cap of $68.98 billion, a PE ratio of 20.81, a PEG ratio of 2.80 and a beta of 0.64. The company's 50-day moving average is $32.89 and its two-hundred day moving average is $29.53.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.10. The company had revenue of $4.83 billion during 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%.Kinder Morgan's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.45 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a dividend of $0.2975 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, May 4th. Kinder Morgan's dividend payout ratio is presently 78.52%.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the transaction, the vice president owned 188,872 shares in the company, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William A. Smith acquired 3,000 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average price of $29.75 per share, with a total value of $89,250.00. Following the acquisition, the director owned 31,087 shares of the company's stock, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 29,598 shares of company stock worth $952,572 in the last ninety days. 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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