Kinder Morgan, Inc. $KMI Stock Holdings Boosted by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers increased its Kinder Morgan position by 8.0% in the second quarter, bringing its holdings to 444,645 shares valued at approximately $14.2 million. Institutional investors collectively own 62.52% of KMI.
• Analyst sentiment remains mixed, with eight Buy ratings and ten Hold ratings; the stock carries an overall “Hold” consensus and an average price target of $35.50.
• Kinder Morgan reported quarterly EPS of $0.37, surpassing the $0.31 consensus estimate, while revenue rose 10.8% year over year to $4.48 billion. The company also paid a quarterly dividend of $0.2975, representing a 3.6% annualized yield.

Wealthfront Advisers LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 444,645 shares of the pipeline company's stock after acquiring an additional 32,836 shares during the period. Wealthfront Advisers LLC's holdings in Kinder Morgan were worth $14,215,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $308,000. Schnieders Capital Management LLC. grew its holdings in Kinder Morgan by 11.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company's stock worth $2,042,000 after buying an additional 7,081 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Kinder Morgan by 2.1% in the 2nd quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company's stock worth $7,964,000 after buying an additional 5,586 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in Kinder Morgan in the 2nd quarter valued at approximately $1,168,000. Finally, Sei Investments Co. boosted its position in Kinder Morgan by 20.4% during the 2nd quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company's stock worth $25,328,000 after acquiring an additional 145,806 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KMI has been the subject of several recent analyst reports. Jefferies Financial Group reissued a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. UBS Group restated a "buy" rating and set a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Morgan Stanley set a $38.00 target price on shares of Kinder Morgan in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $35.50.

Insider Transactions at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, June 16th. The shares were 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 of the company's stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 that occurred 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 completion of the sale, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. The trade was a 3.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,882 shares of company stock valued at $441,691 over the last three months. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $32.90 on Wednesday. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The firm has a market cap of $73.27 billion, a P/E ratio of 21.09, a PEG ratio of 2.57 and a beta of 0.54. The stock has a fifty day moving average price of $32.04 and a two-hundred day moving average price of $32.30. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts' consensus estimates 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%.The company's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a $0.2975 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.6%. Kinder Morgan's 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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