BlackRock Inc. Has $5.62 Billion Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• BlackRock increased its Kinder Morgan stake by 1.1% in the second quarter, holding 175.8 million shares valued at approximately $5.62 billion, or 7.9% of the company. 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. The company also maintains a $0.2975 quarterly dividend, equivalent to a 3.7% yield.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $35.50 versus the stock’s opening price of $32.37. Recent insider activity was weighted toward selling, with executives disposing of 13,882 shares over the past 90 days.

BlackRock Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 175,834,246 shares of the pipeline company's stock after purchasing an additional 1,875,143 shares during the period. BlackRock Inc. owned about 7.90% of Kinder Morgan worth $5,621,421,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Evolution Wealth Management Inc. boosted its position in Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock worth $25,000 after purchasing an additional 750 shares during the period. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in shares of Kinder Morgan in the first quarter valued at about $28,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $28,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the firm'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. This trade represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total value 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 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. Insiders have sold 13,882 shares of company stock valued at $441,691 over the last 90 days. Corporate insiders own 12.72% of the company's stock.

Kinder Morgan Trading Down 1.4%

KMI opened at $32.37 on Tuesday. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a 50-day simple moving average of $32.01 and a 200 day simple moving average of $32.28. 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 stock has a market capitalization of $72.08 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 2.57 and a beta of 0.54.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the firm earned $0.28 EPS. The business'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. Analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, August 3rd. Kinder Morgan's payout ratio is currently 76.28%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley set a $38.00 price target on shares of Kinder Morgan in a research note on Wednesday, July 29th. Wolfe Research cut Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Weiss Ratings downgraded Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group reiterated a "buy" rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Finally, UBS Group reissued a "buy" rating and set a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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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