Kinder Morgan, Inc. $KMI is Penn Davis Mcfarland Inc.’s 3rd Largest Position

Penn Davis Mcfarland Inc. lessened its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,707,786 shares of the pipeline company’s stock after selling 17,481 shares during the period. Kinder Morgan comprises 5.6% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 3rd largest holding. Penn Davis Mcfarland Inc.’s holdings in Kinder Morgan were worth $57,262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Board of the Pension Protection Fund purchased a new stake in Kinder Morgan during the 4th quarter valued at $27,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Acumen Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth $28,000. Dorato Capital Management bought a new position in shares of Kinder Morgan during the fourth quarter valued at $30,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $30,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $32.98 on Friday. The company’s 50 day moving average is $32.13 and its 200 day moving average is $31.08. 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 $73.37 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.71 and a beta of 0.54. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is 79.87%.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan 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 transaction, the vice president directly owned 176,540 shares in the company, valued at approximately $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s 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 of the company’s stock, valued at $1,312,399.92. This represents a 3.58% 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. Over the last ninety days, insiders sold 23,148 shares of company stock worth $749,206. 12.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KMI has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Scotiabank increased their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, March 26th. Royal Bank Of Canada lifted their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Finally, Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. Eight equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.71.

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.