Deutsche Bank AG Sells 3,787,688 Shares of Kinder Morgan, Inc. $KMI

Deutsche Bank AG cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 21.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,490,868 shares of the pipeline company’s stock after selling 3,787,688 shares during the quarter. Deutsche Bank AG’s holdings in Kinder Morgan were worth $431,303,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Evolution Wealth Management Inc. increased its stake in Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 750 shares in the last quarter. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at about $28,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $28,000. Finally, Basepoint Wealth LLC bought a new stake in Kinder Morgan in the 4th quarter valued at about $30,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% 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. Insiders sold a total of 13,882 shares of company stock worth $441,691 in the last 90 days. Company insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KMI shares. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Finally, UBS Group restated a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Hold” and an average price target of $35.50.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $32.37 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The firm has a 50-day moving average of $32.01 and a 200-day moving average of $32.28. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The company has a market cap of $72.08 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.57 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $0.28 earnings per share. The firm’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. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

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.