Benjamin Edwards Inc. Grows Stock Holdings 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 reach 647,520 shares valued at approximately $20.7 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan exceeded quarterly expectations, reporting earnings of $0.37 per share versus the $0.31 consensus and revenue of $4.48 billion, up 10.8% year over year.
• Analysts maintain a generally cautious outlook, with a consensus rating of “Hold” and a $35.50 price target. The company’s quarterly dividend is $0.2975 per share, representing a 3.8% annualized yield.

Benjamin Edwards Inc. increased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 24.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. lifted its holdings in shares of Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock worth $25,000 after buying an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in Kinder Morgan by 72.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company's stock worth $25,000 after purchasing an additional 328 shares in the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan in the 4th quarter worth $27,000. Frazier Financial Advisors LLC bought a new position in shares of Kinder Morgan during the 1st quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at about $28,000. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KMI. UBS Group reaffirmed a "buy" rating and issued a $43.00 target price on shares of Kinder Morgan in a report on Monday, June 15th. Zacks Research cut Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Wells Fargo & Company upped their price objective on Kinder Morgan from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, Morgan Stanley set a $38.00 target price on shares of Kinder Morgan in a report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of "Hold" and a consensus price target of $35.50.

Insider Buying and Selling

In other news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan 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 directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their ownership of the stock. The transaction 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 John W. Schlosser sold 6,166 shares of the company's stock in a transaction dated Monday, July 6th. The stock was 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. The trade was a 3.62% decrease in their ownership of the stock. 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 have sold a total of 13,882 shares of company stock valued at $441,691 over the last three months. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Stock Up 0.1%

Shares of KMI opened at $31.57 on Friday. 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 business has a fifty day moving average of $32.03 and a 200 day moving average of $32.35. The company has a market cap of $70.30 billion, a PE ratio of 20.24, a P/E/G ratio of 2.47 and a beta of 0.54. 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 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 business had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. The business's 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, sell-side analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued 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 is presently 76.28%.

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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