64,453 Shares in Kinder Morgan, Inc. $KMI Acquired by Wellington Management Group LLP

Key Points

• Wellington Management acquired 64,453 Kinder Morgan shares worth approximately $2.06 million in the second quarter. Institutional investors collectively own 62.52% of KMI’s stock.
• Kinder Morgan exceeded quarterly earnings expectations, reporting $0.37 in EPS versus the $0.31 consensus, while revenue rose 10.8% year over year to $4.48 billion.
• The company paid a quarterly dividend of $0.2975 per share, representing an annualized dividend of $1.19 and a 3.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $35.67.

Wellington Management Group LLP acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 64,453 shares of the pipeline company's stock, valued at approximately $2,061,000.

Other hedge funds have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its position in shares of Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock worth $25,000 after purchasing an additional 750 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in Kinder Morgan by 72.9% in the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company's stock worth $25,000 after buying an additional 328 shares during the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $28,000. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In related news, VP John Schlosser sold 6,166 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president owned 164,208 shares of the company's stock, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Garthwaite sold 1,550 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president owned 41,743 shares of the company's stock, valued at $1,312,399.92. This trade represents 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. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

KMI stock opened at $30.99 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a market cap of $69.01 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.22 and a beta of 0.56. The stock's fifty day moving average price is $31.91 and its 200-day moving average price is $32.34.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. Kinder Morgan'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. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan's dividend payout ratio is presently 76.28%.

Analyst Ratings Changes

A number of analysts have commented on KMI shares. Citigroup reissued a "neutral" rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Stifel Nicolaus began coverage on Kinder Morgan in a report on Wednesday. They issued a "hold" rating and a $35.00 price objective for the company. Wells Fargo & Company boosted their target price on Kinder Morgan from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Weiss Ratings cut shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $35.67.

About Kinder Morgan

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company's natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.

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