Exchange Traded Concepts LLC Has $66.85 Million Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Exchange Traded Concepts LLC increased its Kinder Morgan stake by 2.6% in the second quarter, holding 2.09 million shares valued at approximately $66.85 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan exceeded quarterly expectations, reporting EPS of $0.37 versus the $0.31 consensus and revenue of $4.48 billion, up 10.8% year over year.
• The company declared a quarterly dividend of $0.2975 per share, equivalent to a 3.7% annualized yield. Analysts maintain a consensus “Hold” rating with a $35.50 price target, compared with the stock’s $32.14 opening price.

Exchange Traded Concepts LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,091,073 shares of the pipeline company's stock after acquiring an additional 52,360 shares during the quarter. Exchange Traded Concepts LLC owned 0.09% of Kinder Morgan worth $66,852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Kinder Morgan by 10.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 438,959 shares of the pipeline company's stock worth $14,034,000 after purchasing an additional 41,563 shares during the last quarter. IRON Financial LLC boosted its position in shares of Kinder Morgan by 8.0% during the second quarter. IRON Financial LLC now owns 7,322 shares of the pipeline company's stock valued at $234,000 after buying an additional 543 shares during the last quarter. Drive Wealth Management LLC boosted its position in shares of Kinder Morgan by 44.0% during the second quarter. Drive Wealth Management LLC now owns 14,109 shares of the pipeline company's stock valued at $451,000 after buying an additional 4,309 shares during the last quarter. Evolution Wealth Management Inc. grew its holdings 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 buying an additional 750 shares in the last quarter. Finally, Greenleaf Trust raised its position in Kinder Morgan by 1.0% in the 2nd quarter. Greenleaf Trust now owns 68,370 shares of the pipeline company's stock valued at $2,186,000 after buying an additional 655 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the sale, the vice president owned 164,208 shares of the company's stock, valued at approximately $5,238,235.20. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,432 shares of company stock valued at $493,849 in the last 90 days. 12.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KMI has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Weiss Ratings downgraded shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, June 23rd. UBS Group reissued a "buy" rating and set a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Wolfe Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $35.50.

Kinder Morgan Stock Up 1.3%

KMI stock opened at $32.14 on Friday. The stock has a market cap of $71.57 billion, a P/E ratio of 20.60, a P/E/G ratio of 2.57 and a beta of 0.54. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The stock's fifty day simple moving average is $31.97 and its two-hundred day simple moving average is $32.23. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business's revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.54 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.7%. Kinder Morgan's dividend payout ratio is presently 76.28%.

About Kinder Morgan

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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