Kinder Morgan, Inc. $KMI Holdings Raised by Gradient Investments LLC

Key Points

• Gradient Investments increased its Kinder Morgan stake by 11.1% in the third quarter, bringing its holdings to 553,185 shares valued at approximately $16.7 million. Institutional investors collectively own 62.52% of KMI.
• Analyst sentiment remains mixed, with eight Buy ratings and eleven Hold ratings; MarketBeat reports a consensus rating of Hold and an average price target of $35.77.
• Kinder Morgan reported quarterly EPS of $0.37, exceeding the $0.31 consensus estimate, while revenue rose 10.8% year over year to $4.48 billion. The company also maintains an annualized dividend of $1.19, yielding about 3.7%.

Gradient Investments LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 553,185 shares of the pipeline company's stock after acquiring an additional 55,097 shares during the quarter. Gradient Investments LLC's holdings in Kinder Morgan were worth $16,679,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KMI. Avidian Wealth Enterprises LLC lifted its stake in Kinder Morgan by 2.6% during the third quarter. Avidian Wealth Enterprises LLC now owns 159,083 shares of the pipeline company's stock worth $4,796,000 after purchasing an additional 4,057 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of Kinder Morgan during the third quarter worth $235,000. City Center Advisors LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at $308,000. Chickasaw Capital Management LLC grew its stake in shares of Kinder Morgan by 0.6% in the third quarter. Chickasaw Capital Management LLC now owns 761,066 shares of the pipeline company's stock valued at $22,946,000 after buying an additional 4,913 shares in the last quarter. Finally, Benedict Financial Advisors Inc. raised its holdings in shares of Kinder Morgan by 0.9% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 168,127 shares of the pipeline company's stock valued at $5,069,000 after buying an additional 1,441 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KMI. Morgan Stanley set a $33.00 target price on Kinder Morgan in a report on Thursday, September 17th. Stifel Nicolaus assumed coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They set a "hold" rating and a $35.00 price target on the stock. Weiss Ratings reissued a "buy (b+)" rating on shares of Kinder Morgan in a research report on Friday, September 18th. Citigroup reissued a "neutral" rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Finally, Zacks Research cut shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $35.77.

Insider Activity at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of the firm's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total transaction of $47,740.00. Following the sale, the vice president owned 48,863 shares of the company's stock, valued at approximately $1,504,980.40. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company's stock.

Kinder Morgan Trading Up 1.4%

NYSE:KMI opened at $32.28 on Friday. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The firm has a market cap of $71.88 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.24 and a beta of 0.59. 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 has a fifty day moving average price of $31.47 and a 200 day moving average price of $32.05.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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 the consensus estimate of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.Kinder Morgan's revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio is presently 76.28%.

Kinder Morgan Profile

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company's natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.

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