Kinder Morgan, Inc. $KMI Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP reduced its Kinder Morgan stake by 9.7% in the second quarter, selling 74,463 shares and retaining 694,124 shares valued at approximately $22.2 million. Institutional investors collectively own 62.52% of KMI.
• Kinder Morgan reported quarterly EPS of $0.37, exceeding estimates of $0.31, while revenue rose 10.8% year over year to $4.48 billion. The company pays an annualized dividend of $1.19 per share, yielding about 3.9%.
• Analyst sentiment remains mixed, with eight Buy and ten Hold ratings; the stock has an average rating of Hold and an average price target of $35.67, compared with a recent price of $30.90.

Corient Private Wealth LP cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 694,124 shares of the pipeline company's stock after selling 74,463 shares during the period. Corient Private Wealth LP's holdings in Kinder Morgan were worth $22,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. California State Teachers Retirement System lifted its position in Kinder Morgan by 4,591.3% during the second quarter. California State Teachers Retirement System now owns 108,532,044 shares of the pipeline company's stock worth $3,394,809,000 after buying an additional 106,218,591 shares in the last quarter. Greenland Capital Management LP purchased a new stake in Kinder Morgan during the second quarter worth about $384,000. Ameritas Advisory Services LLC increased its stake in Kinder Morgan by 160.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 35,018 shares of the pipeline company's stock worth $1,120,000 after buying an additional 21,593 shares during the period. Saudi Central Bank grew its stake in shares of Kinder Morgan by 79.1% in the second quarter. Saudi Central Bank now owns 132,376 shares of the pipeline company's stock worth $4,232,000 after acquiring an additional 58,469 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC grew its stake in shares of Kinder Morgan by 2.5% in the second quarter. Azimuth Capital Investment Management LLC now owns 190,612 shares of the pipeline company's stock worth $6,094,000 after acquiring an additional 4,602 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $30.90 on Tuesday. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. 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 50 day simple moving average of $31.87 and a 200-day simple moving average of $32.32. The company has a market cap of $68.81 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 2.17 and a beta of 0.56.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations 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 period in the previous year, the firm posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, August 3rd. Kinder Morgan's dividend payout ratio is 76.28%.

Analysts Set New Price Targets

KMI has been the subject of several analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Morgan Stanley set a $38.00 price objective on Kinder Morgan in a research note on Wednesday, July 29th. Stifel Nicolaus started coverage on Kinder Morgan in a research report on Wednesday, September 9th. They set a "hold" rating and a $35.00 price objective for the company. Zacks Research lowered shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company raised their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, Kinder Morgan has an average rating of "Hold" and an average target price of $35.67.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John Schlosser sold 6,166 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the transaction, the vice president owned 164,208 shares of the company's stock, valued at $5,238,235.20. This represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan 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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