Sanders Morris Harris LLC Sells 35,093 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Sanders Morris Harris LLC cut its Kinder Morgan stake by 84.1% in the second quarter, selling 35,093 shares and retaining 6,629 shares valued at approximately $212,000. Institutional investors collectively own 62.52% of KMI’s stock.
• Kinder Morgan reported quarterly earnings of $0.37 per share, exceeding estimates of $0.31, while revenue rose 10.8% year over year to $4.48 billion. The company also declared a quarterly dividend of $0.2975 per share, representing a 3.8% annualized yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $35.50; eight analysts rate the stock a Buy and ten rate it a Hold.

Sanders Morris Harris LLC lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 84.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,629 shares of the pipeline company's stock after selling 35,093 shares during the period. Sanders Morris Harris LLC's holdings in Kinder Morgan were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in KMI. Benjamin Edwards Inc. grew its stake in shares of Kinder Morgan by 14.4% during the fourth quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company's stock worth $12,849,000 after purchasing an additional 59,013 shares during the period. Partners Group Holding AG increased its stake in Kinder Morgan by 45.0% during the 4th quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company's stock worth $8,020,000 after purchasing an additional 90,593 shares in the last quarter. Generali Asset Management SPA SGR raised its holdings in shares of Kinder Morgan by 47.4% during the fourth quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company's stock worth $4,309,000 after acquiring an additional 50,403 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Kinder Morgan by 152.2% in the fourth quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company's stock valued at $1,503,000 after purchasing an additional 32,998 shares in the last quarter. Finally, Carnegie Investment Counsel boosted its position in Kinder Morgan by 7.6% during the 4th quarter. Carnegie Investment Counsel now owns 812,442 shares of the pipeline company's stock worth $22,334,000 after acquiring an additional 57,147 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Trading Down 0.8%

Kinder Morgan stock opened at $31.12 on Thursday. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a market cap of $69.30 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.54 and a beta of 0.54. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The business has a 50-day simple moving average of $31.96 and a two-hundred day simple moving average of $32.11.

Kinder Morgan (NYSE:KMI - Get Free Report) last released 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 business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company's quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts predict that Kinder Morgan, Inc. will post 1.54 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.2975 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. Kinder Morgan's dividend payout ratio (DPR) is presently 76.28%.

Wall Street Analysts Forecast Growth

KMI has been the subject of several recent research reports. Zacks Research cut Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Citigroup reissued a "neutral" rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. UBS Group restated a "buy" rating and set a $43.00 target price on shares of Kinder Morgan in a report on Monday, June 15th. Wolfe Research lowered shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Hold" and a consensus price target of $35.50.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares in the company, valued at $5,423,004.42. This represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the vice president owned 41,743 shares of the company's stock, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 15,432 shares of company stock worth $493,849. 12.72% of the stock is owned by corporate 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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