Benjamin Edwards Inc. Boosts Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Benjamin Edwards Inc. increased its Kinder Morgan stake by 24.5% in the second quarter, adding 127,278 shares to hold 647,520 shares valued at approximately $20.7 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan reported second-quarter EPS of $0.37, beating estimates by $0.06, while revenue rose 10.8% year over year to $4.48 billion. The company also declared a quarterly dividend of $0.2975 per share, representing a 3.6% annualized yield.
• Insiders sold 15,432 shares worth roughly $493,849 over the past 90 days, while analysts maintain a consensus “Hold” rating with an average price target of $35.50.

Benjamin Edwards Inc. lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 24.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 647,520 shares of the pipeline company's stock after buying an additional 127,278 shares during the period. Benjamin Edwards Inc.'s holdings in Kinder Morgan were worth $20,701,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $308,000. Schnieders Capital Management LLC. raised its holdings in Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company's stock valued at $2,042,000 after buying an additional 7,081 shares during the last quarter. NewEdge Advisors LLC boosted its position in Kinder Morgan by 2.1% during the 2nd quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company's stock valued at $7,964,000 after buying an additional 5,586 shares during the period. Nebula Research & Development LLC bought a new stake in Kinder Morgan in the 2nd quarter worth $1,168,000. Finally, Sei Investments Co. grew its holdings in Kinder Morgan by 20.4% in the 2nd quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company's stock worth $25,328,000 after acquiring an additional 145,806 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred 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 sale, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 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 directly 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. 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. Over the last 90 days, insiders have sold 15,432 shares of company stock valued at $493,849. 12.72% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $32.83 on Friday. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. 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 company has a market capitalization of $73.09 billion, a P/E ratio of 21.04, a PEG ratio of 2.58 and a beta of 0.54. The stock's 50 day moving average is $31.99 and its 200 day moving average is $32.24.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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. 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 analysts' expectations of $4.22 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm's quarterly revenue 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 research analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company 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 dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan's dividend payout ratio is 76.28%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, June 23rd. Morgan Stanley set a $38.00 price target on Kinder Morgan in a research report on Wednesday, July 29th. Zacks Research lowered Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Citigroup restated a "neutral" rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Finally, 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. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $35.50.

Kinder Morgan Company 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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