Avior Wealth Management LLC Has $1.27 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• Avior Wealth Management cut its Kinder Morgan stake by 69.2% in the second quarter, selling 89,144 shares and retaining 39,736 shares valued at approximately $1.27 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan reported quarterly EPS of $0.37, beating estimates by $0.06, while revenue rose 10.8% year over year to $4.48 billion. Analysts’ consensus rating is “Hold,” with an average price target of $35.50.
• The company declared a quarterly dividend of $0.2975 per share, equivalent to $1.19 annually and a 3.8% yield. Recent insider activity included sales of 15,432 shares worth about $493,849 over the last 90 days.

Avior Wealth Management LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 69.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 39,736 shares of the pipeline company's stock after selling 89,144 shares during the period. Avior Wealth Management LLC's holdings in Kinder Morgan were worth $1,270,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Commonwealth Retirement Investments LLC bought a new position in Kinder Morgan during the fourth quarter worth about $27,000. Acumen Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the fourth quarter worth about $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan in the first quarter worth about $28,000. Basepoint Wealth LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $30,000. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Kinder Morgan during the 4th quarter valued at about $30,000. Institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

KMI has been the subject of several research analyst reports. Zacks Research lowered Kinder Morgan from a "strong-buy" rating to a "hold" 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. UBS Group reiterated a "buy" rating and issued a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. The Goldman Sachs Group reissued a "buy" rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $35.50.

Kinder Morgan Trading Up 0.5%

NYSE KMI opened at $31.27 on Friday. The stock has a market capitalization of $69.63 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.52 and a beta of 0.54. The stock's 50 day moving average price is $31.94 and its two-hundred day moving average price is $32.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm's revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.54 earnings per share 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. Stockholders of record on Monday, August 3rd will be issued a $0.2975 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan's dividend payout ratio (DPR) is presently 76.28%.

Insider Activity

In other news, 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 transaction of $196,263.78. Following the sale, the vice president owned 170,374 shares in the company, valued at $5,423,004.42. This represents a 3.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the sale, the vice president directly 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 15,432 shares of company stock valued at $493,849 in the last 90 days. 12.72% of the stock is owned by corporate insiders.

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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