Sterling Investment Advisors Ltd. Sells 60,166 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Sterling Investment Advisors reduced its Kinder Morgan position by 14.4%, selling 60,166 shares and retaining 358,543 shares valued at approximately $11.5 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan exceeded quarterly expectations, reporting $0.37 in EPS versus the $0.31 consensus estimate and $4.48 billion in revenue, up 10.8% year over year.
• The company maintains a quarterly dividend of $0.2975 per share, equivalent to $1.19 annually and a 3.7% yield. Analysts have a consensus “Hold” rating and an average price target of $35.50.

Sterling Investment Advisors Ltd. decreased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 14.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 358,543 shares of the pipeline company's stock after selling 60,166 shares during the quarter. Kinder Morgan comprises about 1.8% of Sterling Investment Advisors Ltd.'s holdings, making the stock its 9th largest position. Sterling Investment Advisors Ltd.'s holdings in Kinder Morgan were worth $11,463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in shares of Kinder Morgan by 4,591.3% in the second quarter. California State Teachers Retirement System now owns 108,532,044 shares of the pipeline company's stock valued at $3,394,809,000 after buying an additional 106,218,591 shares during the last quarter. Norges Bank acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $1,132,125,000. Ontario Teachers Pension Plan Board purchased a new stake in Kinder Morgan in the 2nd quarter worth approximately $239,397,000. AQR Capital Management LLC grew its stake in Kinder Morgan by 431.9% in the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company's stock worth $185,971,000 after acquiring an additional 5,333,986 shares during the period. Finally, Merewether Investment Management LP acquired a new position in Kinder Morgan in the 2nd quarter valued at $138,477,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

KMI stock opened at $32.08 on Wednesday. The company has a market cap of $71.43 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.22 and a beta of 0.56. 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 stock has a 50-day moving average price of $31.93 and a two-hundred day moving average price of $32.36. 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 released its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the company posted $0.28 EPS. The company's revenue 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. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan's payout ratio is 76.28%.

Insider Activity at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of the stock in a transaction on Tuesday, June 16th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John Schlosser sold 6,166 shares of the firm's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the transaction, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KMI shares. Jefferies Financial Group reissued a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Weiss Ratings lowered Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group reissued a "buy" rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Zacks Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $35.50.

Kinder Morgan Profile

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company's natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.

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