Kinder Morgan, Inc. $KMI Stock Position Boosted by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC increased its Kinder Morgan position by 529.4% in the third quarter, bringing its holdings to 41,722 shares valued at approximately $1.26 million. Institutional investors collectively own 62.52% of KMI.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $35.47. Eleven analysts rate the stock Buy, while eleven rate it Hold.
• Kinder Morgan recently exceeded quarterly earnings and revenue expectations, reporting $0.37 in EPS and $4.48 billion in revenue. The company also pays a quarterly dividend of $0.2975 per share, representing a 3.6% annualized yield.

Sanders Morris Harris LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 529.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,722 shares of the pipeline company's stock after purchasing an additional 35,093 shares during the quarter. Sanders Morris Harris LLC's holdings in Kinder Morgan were worth $1,262,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. OP Asset Management Ltd bought a new stake in Kinder Morgan during the 1st quarter worth about $6,412,000. USS Investment Management Ltd boosted its holdings in shares of Kinder Morgan by 10.3% in the 1st quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company's stock valued at $14,116,000 after buying an additional 39,418 shares during the last quarter. Miller Howard Investments Inc. NY boosted its holdings in shares of Kinder Morgan by 3.2% in the 1st quarter. Miller Howard Investments Inc. NY now owns 1,822,905 shares of the pipeline company's stock valued at $61,122,000 after buying an additional 57,198 shares during the last quarter. Oak Family Advisors LLC bought a new position in shares of Kinder Morgan in the second quarter valued at $3,627,000. Finally, International Assets Investment Management LLC acquired a new position in Kinder Morgan during the first quarter worth $3,406,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research analyst reports. Melius Research began coverage on shares of Kinder Morgan in a report on Tuesday, September 22nd. They issued a "buy" rating and a $38.00 target price on the stock. Weiss Ratings lowered Kinder Morgan from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Citigroup restated a "neutral" rating and issued a $34.00 price target (up from $33.00) on shares of Kinder Morgan in a research note on Wednesday, July 29th. Stifel Nicolaus began coverage on Kinder Morgan in a report on Wednesday, September 9th. They set a "hold" rating and a $35.00 price target for the company. Finally, Argus lifted their price objective on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.47.

Insider Transactions at Kinder Morgan

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

Kinder Morgan Stock Performance

KMI stock traded down $0.12 during trading hours on Wednesday, hitting $33.30. 12,072,153 shares of the stock were exchanged, compared to its average volume of 12,134,986. 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 firm has a market capitalization of $74.16 billion, a P/E ratio of 21.35, a P/E/G ratio of 2.33 and a beta of 0.59. The company has a 50-day simple moving average of $31.55 and a two-hundred day simple moving average of $32.03.

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 for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The business's revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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