HighTower Advisors LLC Sells 74,729 Shares of Kinder Morgan, Inc. $KMI

Key Points

• HighTower Advisors reduced its Kinder Morgan stake by 6%, selling 74,729 shares and retaining 1.17 million shares valued at approximately $37.4 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan reported quarterly EPS of $0.37, beating estimates of $0.31, while revenue rose 10.8% year over year to $4.48 billion.
• Analysts maintain a mixed outlook, with eight Buy ratings and ten Holds producing an overall “Hold” consensus and a $35.50 average price target. The company also declared a quarterly dividend of $0.2975, representing a 3.6% annualized yield.

HighTower Advisors LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,168,471 shares of the pipeline company's stock after selling 74,729 shares during the period. HighTower Advisors LLC owned approximately 0.05% of Kinder Morgan worth $37,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Evolution Wealth Management Inc. lifted 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 worth $25,000 after buying an additional 750 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Kinder Morgan in the first quarter worth $28,000. Commonwealth Retirement Investments LLC bought a new position in Kinder Morgan during the fourth quarter worth $27,000. First Pacific Financial raised its stake in Kinder Morgan by 9,900.0% during the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company's stock valued at $34,000 after purchasing an additional 990 shares during the last quarter. Finally, Robinswood Financial LLC acquired a new position in Kinder Morgan during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KMI shares. UBS Group restated a "buy" rating and issued a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Jefferies Financial Group reiterated a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Morgan Stanley set a $38.00 price target on Kinder Morgan in a research note on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Finally, Weiss Ratings lowered Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, June 23rd. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of "Hold" and a consensus target price of $35.50.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan 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 transaction of $48,732.00. Following the completion of the transaction, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Kinder Morgan stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the transaction, the vice president directly owned 170,374 shares of the company's stock, valued at approximately $5,423,004.42. The trade was a 3.49% 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 13,882 shares of company stock valued at $441,691 over the last quarter. Corporate insiders own 12.72% of the company's stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $32.83 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The company has a 50-day moving average of $31.99 and a 200-day moving average of $32.26. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The company has a market capitalization of $73.09 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.57 and a beta of 0.54.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (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%. The company's quarterly revenue 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, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 3rd. Kinder Morgan's dividend payout ratio is 76.28%.

Kinder Morgan Profile

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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