Kinder Morgan, Inc. $KMI Shares Sold by Comerica Bank

Comerica Bank reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 534,188 shares of the pipeline company’s stock after selling 16,279 shares during the period. Comerica Bank’s holdings in Kinder Morgan were worth $14,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Dorato Capital Management acquired a new stake in Kinder Morgan during the fourth quarter valued at approximately $30,000. Strategic Advocates LLC acquired a new stake in Kinder Morgan during the third quarter valued at approximately $32,000. Lodestone Wealth Management LLC acquired a new stake in Kinder Morgan during the fourth quarter valued at approximately $33,000. Finally, Westside Investment Management Inc. lifted its stake in Kinder Morgan by 314.6% during the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,032 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on KMI shares. Jefferies Financial Group cut their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Stifel Nicolaus increased 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. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Scotiabank increased their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and an average price target of $34.20.

Kinder Morgan Trading Up 2.7%

Kinder Morgan stock opened at $31.79 on Wednesday. The company has a 50 day moving average price of $32.88 and a 200 day moving average price of $29.56. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.73. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.50 and a current ratio of 0.52. The firm has a market capitalization of $70.73 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 2.73 and a beta of 0.64.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the business posted $0.34 EPS. The company’s 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. Research analysts forecast that Kinder Morgan, Inc. will post 1.45 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be paid a $0.2975 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.

Insider Activity

In other news, Director William A. Smith acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average price of $29.75 per share, with a total value of $89,250.00. Following the purchase, the director owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $31.72, for a total transaction of $49,166.00. Following the completion of the transaction, the vice president directly owned 44,843 shares of the company’s stock, valued at $1,422,419.96. This represents a 3.34% 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. Over the last 90 days, insiders sold 29,598 shares of company stock worth $952,572. Company insiders own 12.72% of the company’s stock.

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.