NewEdge Advisors LLC Sells 41,347 Shares of Kinder Morgan, Inc. $KMI

Key Points

• NewEdge Advisors LLC cut its Kinder Morgan stake by 9.8%, selling 41,347 shares and retaining 379,351 shares valued at approximately $12.72 million. Institutional investors collectively own 62.52% of KMI.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $35.50. Wells Fargo raised its target to $36, while Wolfe Research downgraded the stock to Hold.
• Kinder Morgan beat quarterly earnings expectations, reporting $0.37 EPS versus the $0.31 consensus and $4.48 billion in revenue. The company declared a quarterly dividend of $0.2975 per share, representing a 3.9% annualized yield.

NewEdge Advisors LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,351 shares of the pipeline company's stock after selling 41,347 shares during the quarter. NewEdge Advisors LLC's holdings in Kinder Morgan were worth $12,720,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new stake in Kinder Morgan during the 1st quarter worth about $28,000. Acumen Wealth Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $28,000. Basepoint Wealth LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $30,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Kinder Morgan in the fourth quarter valued at $30,000. Institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KMI. Wells Fargo & Company increased their price target on Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Wolfe Research lowered shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Citigroup restated a "neutral" rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Weiss Ratings lowered shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $35.50.

Kinder Morgan Price Performance

NYSE:KMI opened at $30.84 on Friday. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week 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 firm's 50-day simple moving average is $31.94 and its 200 day simple moving average is $32.13. The firm has a market cap of $68.68 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.50 and a beta of 0.54.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The business's revenue for the quarter was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.54 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a dividend of $0.2975 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.9%. Kinder Morgan's dividend payout ratio is currently 76.28%.

Insider Buying and Selling

In other news, VP Michael P. Garthwaite sold 1,550 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. 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 value of $196,695.40. Following the sale, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. This trade represents 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 have sold 15,432 shares of company stock worth $493,849 in the last three months. 12.72% of the stock is currently owned by company insiders.

About Kinder Morgan

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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