Envestnet Portfolio Solutions Inc. Has $18.38 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Envestnet Portfolio Solutions increased its Kinder Morgan stake by 7.1% in the second quarter, bringing its holdings to 574,907 shares valued at approximately $18.38 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan’s latest quarter exceeded expectations, with adjusted EPS of $0.37 versus a $0.31 consensus and revenue of $4.48 billion, up 10.8% year over year. The company also maintains a quarterly dividend of $0.2975 per share, yielding about 3.8% annually.
• Analyst sentiment remains mixed: Melius Research initiated coverage with a Buy rating and a $38 target, while several firms maintained Hold or Sector Perform ratings. MarketBeat reports a consensus Hold rating and $35.77 price target.

Envestnet Portfolio Solutions Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 574,907 shares of the pipeline company's stock after purchasing an additional 37,922 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Kinder Morgan were worth $18,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. raised its holdings in shares of Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 750 shares during the period. Transamerica Financial Advisors LLC boosted 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 during the period. Frazier Financial Advisors LLC purchased a new position in Kinder Morgan during the 1st quarter worth approximately $28,000. Bell Investment Advisors Inc grew its position in Kinder Morgan by 112.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company's stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the sale, the vice president directly owned 48,863 shares of the company's stock, valued at $1,504,980.40. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John Schlosser sold 6,166 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the transaction, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. This trade represents 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. 12.72% of the stock is currently owned by company insiders.

Kinder Morgan News Roundup

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: Melius Research initiated coverage with a Buy rating and a $38 price target, implying meaningful upside from KMI’s recent trading level. The firm cited rising natural-gas demand from artificial-intelligence-related power consumption as a potential long-term growth driver for Kinder Morgan and Williams. Melius initiates coverage on Kinder Morgan and Williams
• Positive Sentiment: RBC Capital raised its price target to $36 from $35 while maintaining a Sector Perform rating. RBC expects favorable commodity prices to support Kinder Morgan’s third-quarter core earnings and said the company is showing strong quarterly momentum. RBC raises Kinder Morgan price target RBC comments on strong third-quarter momentum
• Neutral Sentiment: Capital One initiated coverage at Equal-weight with a $36 price target. Although the target is above the recent share price, the rating indicates the firm sees KMI as fairly valued relative to the sector rather than a clear outperformer. Capital One initiates Kinder Morgan coverage
• Neutral Sentiment: RBC Capital’s latest stance is Hold, reinforcing a cautious view despite the higher price target and favorable near-term earnings commentary. RBC gives Kinder Morgan a Hold rating

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KMI shares. Jefferies Financial Group reduced their target price on Kinder Morgan from $35.00 to $33.00 and set a "hold" rating for the company in a report on Thursday, September 17th. Zacks Research lowered Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Royal Bank Of Canada increased their price objective on Kinder Morgan from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Tuesday. The Goldman Sachs Group restated a "buy" rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Finally, Stifel Nicolaus began coverage on Kinder Morgan in a research note on Wednesday, September 9th. They set a "hold" rating and a $35.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $35.77.

Kinder Morgan Trading Up 0.3%

Shares of NYSE:KMI opened at $31.37 on Thursday. The firm has a fifty day moving average of $31.72 and a two-hundred day moving average of $32.21. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The firm has a market capitalization of $69.85 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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 the consensus estimate of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors 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 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan's dividend payout ratio (DPR) is presently 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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