Global Retirement Partners LLC Buys Shares of 51,292 Kinder Morgan, Inc. $KMI

Global Retirement Partners LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,292 shares of the pipeline company's stock, valued at approximately $1,640,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Evolution Wealth Management Inc. lifted its holdings in shares of Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 750 shares in the last quarter. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new stake in Kinder Morgan in the 1st quarter valued at approximately $28,000. Acumen Wealth Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter valued at approximately $28,000. Finally, Basepoint Wealth LLC acquired a new position in Kinder Morgan during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup reaffirmed a "neutral" rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Zacks Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Wells Fargo & Company lifted their target price on Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Finally, Weiss Ratings cut Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $35.50.

Kinder Morgan Stock Performance

KMI opened at $32.37 on Tuesday. The business has a fifty day simple moving average of $32.01 and a 200 day simple moving average of $32.28. The company has a market capitalization of $72.08 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.

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 analysts' consensus estimates of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. Kinder Morgan's quarterly revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, August 3rd. Kinder Morgan's dividend payout ratio is presently 76.28%.

Insider Activity at Kinder Morgan

In related 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 transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares of the company's stock, valued at approximately $5,423,004.42. This trade represents a 3.49% decrease in their position. 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 13,882 shares of company stock worth $441,691 over the last ninety days. Insiders own 12.72% of the company's stock.

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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