Pinnacle Holdings LLC Purchases New Shares in Kinder Morgan, Inc. $KMI

Key Points

• Pinnacle Holdings LLC initiated a position in Kinder Morgan by purchasing 48,657 shares valued at approximately $1.56 million during the second quarter. Institutional investors own 62.52% of KMI’s outstanding stock.
• Kinder Morgan reported stronger-than-expected quarterly results, with EPS of $0.37 versus the $0.31 consensus and revenue of $4.48 billion, up 10.8% year over year.
• The company maintains a quarterly dividend of $0.2975 per share, equivalent to an annualized $1.19 payout and a 3.8% yield. Analysts have a consensus “Hold” rating and an average price target of $35.50.

Pinnacle Holdings LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,657 shares of the pipeline company's stock, valued at approximately $1,556,000.

A number of other institutional investors have also added to or reduced their stakes in KMI. Evolution Wealth Management Inc. lifted its holdings in Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock worth $25,000 after acquiring an additional 750 shares during the period. Commonwealth Retirement Investments LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $27,000. Frazier Financial Advisors LLC bought a new position in Kinder Morgan during the first quarter valued at about $28,000. Acumen Wealth Advisors LLC bought a new stake in Kinder Morgan in the fourth quarter worth about $28,000. Finally, Basepoint Wealth LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $30,000. 62.52% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Michael P. Garthwaite sold 1,550 shares of the company's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president directly 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. The sale was disclosed in a filing with the SEC, which is available at 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 stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the sale, the vice president directly owned 170,374 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 13,882 shares of company stock valued at $441,691. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Stock Up 0.0%

KMI opened at $30.99 on Monday. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a market cap of $69.01 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average of $32.03 and a 200 day moving average of $32.33.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. Kinder Morgan's dividend payout ratio is 76.28%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KMI shares. Zacks Research cut shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Jefferies Financial Group restated a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Wells Fargo & Company upped their price target on Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. The Goldman Sachs Group reiterated a "buy" rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Finally, Citigroup reissued a "neutral" rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $35.50.

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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