AlTi Global Inc. Purchases Shares of 58,896 Kinder Morgan, Inc. $KMI

Key Points

• AlTi Global initiated a Kinder Morgan position by purchasing 58,896 shares valued at approximately $1.88 million. Institutional investors collectively own 62.52% of KMI’s outstanding stock.
• Kinder Morgan reported stronger-than-expected quarterly results, with earnings of $0.37 per share and revenue of $4.48 billion, up 10.8% year over year. Analysts maintain a consensus “Hold” rating with a $35.50 price target.
• The company declared a quarterly dividend of $0.2975 per share, equal to $1.19 annually and a 3.6% yield; insiders have sold 13,882 shares worth about $441,691 over the past 90 days.

AlTi Global Inc. purchased a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 58,896 shares of the pipeline company's stock, valued at approximately $1,883,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its stake in Kinder Morgan by 14.4% in the 4th quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company's stock valued at $12,849,000 after buying an additional 59,013 shares in the last quarter. Partners Group Holding AG raised its stake in Kinder Morgan by 45.0% during the fourth quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company's stock worth $8,020,000 after acquiring an additional 90,593 shares in the last quarter. Generali Asset Management SPA SGR lifted its holdings in shares of Kinder Morgan by 47.4% during the fourth quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company's stock valued at $4,309,000 after acquiring an additional 50,403 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Kinder Morgan by 152.2% during the fourth quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company's stock valued at $1,503,000 after acquiring an additional 32,998 shares during the period. Finally, OP Asset Management Ltd acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at $6,412,000. Institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent analyst reports. Zacks Research cut shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Weiss Ratings lowered shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, June 23rd. Citigroup reaffirmed a "neutral" rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Morgan Stanley set a $38.00 price objective on shares of Kinder Morgan in a report on Wednesday, July 29th. Finally, UBS Group reiterated a "buy" rating and issued a $43.00 target price on shares of Kinder Morgan in a research note on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $35.50.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction 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 completion of the sale, the vice president directly owned 170,374 shares of the company's stock, valued at approximately $5,423,004.42. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the sale, the vice president owned 41,743 shares of the company's stock, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,882 shares of company stock valued at $441,691 in the last 90 days. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 0.0%

Shares of NYSE:KMI opened at $32.83 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The firm has a market cap of $73.09 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.57 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. The company's 50-day moving average price is $31.99 and its two-hundred day moving average price is $32.26.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The company's 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. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 3rd. Kinder Morgan's payout ratio is 76.28%.

Kinder Morgan Profile

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.

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