Kinder Morgan, Inc. $KMI Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 942,600 shares of the pipeline company’s stock after selling 35,415 shares during the period. Kinder Morgan comprises approximately 1.4% of Cinctive Capital Management LP’s holdings, making the stock its 7th biggest position. Cinctive Capital Management LP’s holdings in Kinder Morgan were worth $25,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new position in Kinder Morgan during the 4th quarter worth $27,000. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan during the 4th quarter worth $27,000. Acumen Wealth Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter worth $28,000. Dorato Capital Management acquired a new position in Kinder Morgan during the 4th quarter worth $30,000. Finally, Basepoint Wealth LLC acquired a new position in Kinder Morgan during the 4th quarter worth $30,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated 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 in the company, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Friday, June 5th. The shares were 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 owned 170,374 shares in the company, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 23,148 shares of company stock worth $749,206. 12.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group reissued a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a report on Monday. Truist Financial started coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target for the company. Weiss Ratings raised shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Scotiabank lifted their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Thursday, March 26th. Finally, Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $34.53.

Kinder Morgan Trading Down 0.5%

Shares of NYSE:KMI opened at $31.28 on Thursday. The company has a market cap of $69.59 billion, a PE ratio of 20.99, a P/E/G ratio of 2.62 and a beta of 0.54. The company’s 50-day moving average price is $32.18 and its 200 day moving average price is $30.87. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.10. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. Kinder Morgan’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

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

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.