Natixis Advisors LLC Reduces Stake in Kinder Morgan, Inc. $KMI

Natixis Advisors LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 874,724 shares of the pipeline company’s stock after selling 28,853 shares during the quarter. Natixis Advisors LLC’s holdings in Kinder Morgan were worth $24,046,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Personal CFO Solutions LLC grew its holdings in shares of Kinder Morgan by 4.5% during the 4th quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock worth $217,000 after purchasing an additional 340 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Kinder Morgan by 1.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 22,530 shares of the pipeline company’s stock worth $617,000 after purchasing an additional 342 shares during the period. Red Door Wealth Management LLC grew its holdings in shares of Kinder Morgan by 2.2% during the 4th quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company’s stock worth $489,000 after purchasing an additional 389 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Kinder Morgan by 5.6% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,564 shares of the pipeline company’s stock worth $208,000 after purchasing an additional 399 shares during the period. Finally, Sagespring Wealth Partners LLC grew its holdings in shares of Kinder Morgan by 1.6% during the 4th quarter. Sagespring Wealth Partners LLC now owns 26,503 shares of the pipeline company’s stock worth $729,000 after purchasing an additional 405 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

KMI opened at $31.70 on Friday. The stock’s 50-day moving average price is $32.53 and its 200 day moving average price is $30.58. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The firm has a market cap of $70.53 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 2.62 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter 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 expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is currently 79.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KMI shares. Citigroup increased their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Royal Bank Of Canada increased their price target on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Stifel Nicolaus increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Zacks Research upgraded Kinder Morgan from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Truist Financial initiated coverage on Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president owned 43,293 shares of the company’s stock, valued at $1,456,809.45. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Monday, April 6th. The shares were sold at an average price of $32.93, for a total value of $203,046.38. Following the completion of the sale, the vice president directly owned 182,706 shares in the company, valued at $6,016,508.58. This represents a 3.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 16,982 shares of company stock worth $555,825. 12.72% of the stock is owned by corporate insiders.

About Kinder Morgan

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.