Citizens Financial Group Inc. RI Grows Stock Holdings in Kinder Morgan, Inc. $KMI

Citizens Financial Group Inc. RI lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.9% during the first quarter, HoldingsChannel.com reports. The fund owned 477,436 shares of the pipeline company’s stock after buying an additional 54,628 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Kinder Morgan were worth $16,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KMI. Benjamin Edwards Inc. raised its holdings in shares of Kinder Morgan by 14.4% in the fourth quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock valued at $12,849,000 after acquiring an additional 59,013 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Kinder Morgan by 44.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,135,863 shares of the pipeline company’s stock valued at $29,523,000 after purchasing an additional 350,348 shares during the period. Groupama Asset Managment increased its position in Kinder Morgan by 112.8% during the 3rd quarter. Groupama Asset Managment now owns 94,715 shares of the pipeline company’s stock valued at $2,681,000 after purchasing an additional 50,199 shares during the period. Holocene Advisors LP bought a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $77,662,000. Finally, Mirabella Financial Services LLP lifted its position in shares of Kinder Morgan by 144.7% in the 3rd quarter. Mirabella Financial Services LLP now owns 112,282 shares of the pipeline company’s stock worth $3,172,000 after purchasing an additional 66,403 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the company’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 transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the completion of the transaction, the vice president directly owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. This represents a 3.37% 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 23,148 shares of company stock worth $742,855. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Down 0.9%

Shares of KMI stock traded down $0.28 during trading hours on Friday, reaching $32.12. 5,991,147 shares of the company’s stock were exchanged, compared to its average volume of 9,737,879. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The stock’s 50 day moving average is $32.24 and its 200-day moving average is $31.47. 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 company has a market cap of $71.46 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.67 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter last year, the firm earned $0.34 EPS. The business’s quarterly 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. Analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $0.2975 per share. The ex-dividend date was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s payout ratio is presently 79.87%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KMI shares. Citigroup lifted their price objective on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Zacks Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Royal Bank Of Canada upped their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Finally, Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.71.

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.