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 earnings of $0.37 per share, exceeding estimates of $0.31, while revenue rose 10.8% year over year to $4.48 billion.
• Analysts maintain a consensus “Hold” rating with a $35.50 price target. The company pays a quarterly dividend of $0.2975, equivalent to an annualized yield of about 3.7%.

HighTower Advisors LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,168,471 shares of the pipeline company's stock after selling 74,729 shares during the period. HighTower Advisors LLC owned about 0.05% of Kinder Morgan worth $37,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMI. California State Teachers Retirement System lifted its position in shares of Kinder Morgan by 4,591.3% in the second quarter. California State Teachers Retirement System now owns 108,532,044 shares of the pipeline company's stock valued at $3,394,809,000 after acquiring an additional 106,218,591 shares in the last quarter. Norges Bank purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $1,132,125,000. Ontario Teachers Pension Plan Board bought a new stake in Kinder Morgan during the 2nd quarter valued at approximately $239,397,000. AQR Capital Management LLC lifted its holdings in Kinder Morgan by 431.9% in the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company's stock worth $185,971,000 after purchasing an additional 5,333,986 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new position in Kinder Morgan in the 2nd quarter worth approximately $138,477,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Activity

In related news, VP Michael Garthwaite sold 1,550 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the transaction, the vice president 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, July 6th. The stock was 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 of the company's stock, valued at approximately $5,238,235.20. This 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 corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KMI shares. Citigroup reaffirmed a "neutral" rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, June 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Zacks Research cut shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Finally, UBS Group reissued a "buy" rating and set a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of "Hold" and a consensus price target of $35.50.

Kinder Morgan Stock Up 2.2%

NYSE KMI opened at $32.08 on Wednesday. The stock has a 50 day moving average price of $31.93 and a 200-day moving average price of $32.36. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. 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 market capitalization of $71.43 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.22 and a beta of 0.56.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous 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 analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a $0.2975 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan's payout ratio is 76.28%.

Kinder Morgan Company Profile

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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