Envestnet Asset Management Inc. Raises Stake in Kinder Morgan, Inc. $KMI

Key Points

• Envestnet Asset Management increased its Kinder Morgan stake by 0.8%, adding 38,739 shares to own 5.12 million shares valued at approximately $163.8 million. Institutional investors collectively hold 62.52% of KMI.
• Analyst sentiment is mixed, with eight Buy ratings and eleven Holds, resulting in a consensus rating of Hold and an average price target of $35.77.
• Kinder Morgan exceeded quarterly earnings and revenue expectations, reporting $0.37 in EPS and $4.48 billion in revenue. The company also maintains a quarterly dividend of $0.2975 per share, equal to a 3.9% annualized yield.

Envestnet Asset Management Inc. raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,122,523 shares of the pipeline company's stock after purchasing an additional 38,739 shares during the period. Envestnet Asset Management Inc. owned 0.23% of Kinder Morgan worth $163,766,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KMI. BlackRock Inc. lifted its stake in shares of Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company's stock worth $5,621,421,000 after purchasing an additional 1,875,143 shares during the last quarter. State Street Corp lifted its position in Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company's stock valued at $4,183,704,000 after acquiring an additional 5,361,578 shares during the last quarter. Bank of America Corp DE boosted its stake in Kinder Morgan by 1.4% in the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company's stock valued at $2,079,477,000 after acquiring an additional 836,571 shares in the last quarter. Norges Bank purchased a new position in Kinder Morgan in the fourth quarter worth $1,132,125,000. Finally, Dimensional Fund Advisors LP grew its holdings in Kinder Morgan by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company's stock worth $577,998,000 after purchasing an additional 448,130 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KMI. The Goldman Sachs Group reissued a "buy" rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Weiss Ratings restated a "buy (b+)" rating on shares of Kinder Morgan in a research note on Friday, September 18th. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Stifel Nicolaus started coverage on shares of Kinder Morgan in a research report on Wednesday, September 9th. They issued a "hold" rating and a $35.00 price objective for the company. Finally, Citigroup reiterated a "neutral" rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $35.77.

Insider Activity at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the transaction, the vice president directly owned 48,863 shares of the company's stock, valued at approximately $1,504,980.40. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 the firm's 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 $5,238,235.20. The trade was a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company's stock.

Kinder Morgan Stock Down 1.6%

KMI stock opened at $30.75 on Friday. The firm's fifty day moving average is $31.66 and its 200 day moving average is $32.18. 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 one year low of $25.60 and a one year high of $34.81. The firm has a market cap of $68.48 billion, a PE ratio of 19.71, a P/E/G ratio of 2.20 and a beta of 0.56.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company's quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current 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 paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, August 3rd. Kinder Morgan's payout ratio is 76.28%.

About Kinder Morgan

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company's natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.

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