Allworth Financial LP Reduces Stake in Kinder Morgan, Inc. $KMI

Key Points

• Allworth Financial LP cut its Kinder Morgan stake by 65.7% in the second quarter, selling 219,925 shares and retaining 114,601 shares valued at approximately $3.66 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan reported quarterly EPS of $0.37, exceeding the $0.31 analyst consensus, while revenue rose 10.8% year over year to $4.48 billion. The company also maintains a quarterly dividend of $0.2975, equivalent to a 3.8% annualized yield.
• Analysts have a consensus “Hold” rating on KMI, with a target price of $35.67 versus a recent share price of $30.99; ratings include eight Buys and ten Holds.

Allworth Financial LP trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 65.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,601 shares of the pipeline company's stock after selling 219,925 shares during the quarter. Allworth Financial LP's holdings in Kinder Morgan were worth $3,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. grew 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 valued at $25,000 after buying an additional 750 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in Kinder Morgan by 72.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company's stock worth $25,000 after acquiring an additional 328 shares in the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at $27,000. Frazier Financial Advisors LLC purchased a new stake in Kinder Morgan in the first quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Trading Down 1.3%

Shares of Kinder Morgan stock opened at $30.99 on Friday. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The company has a market capitalization of $69.01 billion, a P/E ratio of 19.87, a PEG ratio of 2.22 and a beta of 0.56. The company's fifty day moving average is $31.91 and its two-hundred day moving average 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 net margin of 19.31% and a return on equity of 10.46%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the business posted $0.28 earnings per share. Kinder Morgan's quarterly revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, August 3rd. Kinder Morgan's dividend payout ratio (DPR) is 76.28%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley set a $38.00 price objective on Kinder Morgan in a report on Wednesday, July 29th. Zacks Research downgraded Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. UBS Group reissued a "buy" rating and issued a $43.00 target price on shares of Kinder Morgan in a research report on Monday, June 15th. Jefferies Financial Group restated a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Finally, Citigroup reaffirmed a "neutral" rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $35.67.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the transaction, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of 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 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. Insiders own 12.72% of the company's stock.

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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