Fox Run Management L.L.C. Takes $1.91 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• Fox Run Management acquired 59,807 Kinder Morgan shares worth approximately $1.91 million, while institutional investors collectively own 62.52% of the company.
• Analyst sentiment is mixed, with eight Buy ratings and ten Hold ratings producing a consensus Hold rating and a $35.50 price target.
• Kinder Morgan exceeded quarterly expectations, reporting $0.37 in EPS and $4.48 billion in revenue, and announced a quarterly dividend of $0.2975 per share, representing a 3.6% yield.

Fox Run Management L.L.C. acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 59,807 shares of the pipeline company's stock, valued at approximately $1,912,000. Kinder Morgan comprises approximately 0.3% of Fox Run Management L.L.C.'s portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $308,000. Schnieders Capital Management LLC. grew its holdings in shares of Kinder Morgan by 11.4% during the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company's stock worth $2,042,000 after buying an additional 7,081 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Kinder Morgan by 2.1% during the second quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company's stock worth $7,964,000 after buying an additional 5,586 shares in the last quarter. Nebula Research & Development LLC acquired a new position in shares of Kinder Morgan in the second quarter valued at approximately $1,168,000. Finally, Sei Investments Co. raised its position in shares of Kinder Morgan by 20.4% in the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company's stock valued at $25,328,000 after buying an additional 145,806 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KMI shares. Zacks Research lowered shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Morgan Stanley set a $38.00 price target on Kinder Morgan in a report 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. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. 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 a consensus rating of "Hold" and a consensus target price of $35.50.

Insiders Place Their Bets

In related news, VP Michael P. Garthwaite sold 1,550 shares of the 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 transaction, the vice president directly 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 filing 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 $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. Over the last 90 days, insiders have sold 15,432 shares of company stock valued at $493,849. Insiders own 12.72% of the company's stock.

Kinder Morgan Price Performance

KMI opened at $32.83 on Friday. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company's 50 day simple moving average is $31.99 and its 200 day simple moving average is $32.24. The stock has a market capitalization of $73.09 billion, a PE ratio of 21.04, a P/E/G ratio of 2.64 and a beta of 0.54. 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 (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping 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 net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.2975 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. Kinder Morgan's payout ratio is currently 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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