Cerity Partners LLC Grows Holdings in Kinder Morgan, Inc. $KMI

by · The Markets Daily

Cerity Partners LLC increased its position in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 8.8% in the 4th quarter, HoldingsChannel reports. The fund owned 1,056,258 shares of the pipeline company’s stock after buying an additional 85,625 shares during the quarter. Cerity Partners LLC’s holdings in Kinder Morgan were worth $29,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in Kinder Morgan in the 4th quarter worth approximately $27,000. Commonwealth Retirement Investments LLC bought a new position in Kinder Morgan in the 4th quarter worth approximately $27,000. Dorato Capital Management bought a new position in Kinder Morgan in the 4th quarter worth approximately $30,000. Basepoint Wealth LLC bought a new position in Kinder Morgan in the 4th quarter worth approximately $30,000. Finally, Strategic Advocates LLC bought a new position in Kinder Morgan in the 3rd quarter worth approximately $32,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the sale, the vice president directly owned 43,293 shares of the company’s stock, valued at $1,456,809.45. This represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 sale, the vice president directly owned 170,374 shares in the company, valued at $5,423,004.42. This trade represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 23,148 shares of company stock worth $752,089 over the last ninety days. Insiders own 12.72% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent analyst reports. Stifel Nicolaus upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Truist Financial initiated coverage on Kinder Morgan in a research note on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target for the company. Barclays restated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Weiss Ratings upgraded Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group dropped their price target on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

Read Our Latest Stock Analysis on KMI

Kinder Morgan Stock Up 1.7%

Shares of KMI opened at $31.87 on Thursday. The stock has a market capitalization of $70.91 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.61 and a beta of 0.54. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The business’s 50 day simple moving average is $32.34 and its 200-day simple moving average is $30.71. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings data 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. The business had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

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

Kinder Morgan Company Profile

(Free Report)

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.

Further Reading

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