Bellars Harris Wealth Management LLC Purchases New Shares in Kinder Morgan, Inc. $KMI

Key Points

• Bellars Harris Wealth Management acquired 124,434 Kinder Morgan shares in the second quarter, valued at approximately $3.98 million. Institutional investors collectively own 62.52% of KMI’s outstanding shares.
• Kinder Morgan reported quarterly EPS of $0.37, exceeding estimates of $0.31, while revenue rose 10.8% year over year to $4.48 billion. The company also maintained its quarterly dividend at $0.2975 per share, representing a 3.6% annualized yield.
• Analyst sentiment remains mixed, with eight Buy ratings and ten Hold ratings, resulting in a consensus Hold rating and an average price target of $35.50.

Bellars Harris Wealth Management LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 124,434 shares of the pipeline company's stock, valued at approximately $3,978,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KMI. Evolution Wealth Management Inc. increased its holdings 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 buying an additional 750 shares during the last quarter. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in shares of Kinder Morgan in the 1st quarter valued at about $28,000. Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter worth about $28,000. Finally, Basepoint Wealth LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $30,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction 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. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 business's stock in a transaction 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 directly owned 41,743 shares of the company's stock, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. 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. Insiders sold a total of 13,882 shares of company stock worth $441,691 in the last ninety days. 12.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings downgraded Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, June 23rd. Wells Fargo & Company boosted their target price on Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Jefferies Financial Group reissued a "hold" rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Zacks Research downgraded Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of "Hold" and an average price target of $35.50.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $32.83 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The firm has a market capitalization of $73.09 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The company's 50-day moving average is $31.99 and its 200 day moving average 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 (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The company'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. Research analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

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

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.

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