UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,435,377 Shares of Kinder Morgan, Inc. $KMI

Key Points

• UBS Asset Management reduced its Kinder Morgan position by 12.8%, selling 1,435,377 shares and retaining 9.74 million shares worth approximately $311.3 million. Institutional investors collectively own 62.52% of the company.
• Analysts maintain a mixed-to-positive outlook: eight rate KMI a Buy and ten a Hold, producing a consensus rating of Hold and an average price target of $35.50 versus the stock’s $32.27 price.
• Kinder Morgan beat quarterly earnings expectations with $0.37 EPS and $4.48 billion in revenue, while revenue increased 10.8% year over year. The company also paid a quarterly dividend of $0.2975 per share, representing a 3.7% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 12.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,735,769 shares of the pipeline company's stock after selling 1,435,377 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.44% of Kinder Morgan worth $311,253,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. increased its stake in Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock worth $25,000 after acquiring an additional 750 shares during the period. Transamerica Financial Advisors LLC boosted its stake in shares of Kinder Morgan by 72.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 328 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the 1st quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter worth approximately $28,000. Institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KMI. Citigroup reiterated a "neutral" rating on shares of Kinder Morgan in a report on Wednesday, July 29th. The Goldman Sachs Group restated a "buy" rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Morgan Stanley set a $38.00 target price on Kinder Morgan in a report on Wednesday, July 29th. UBS Group reissued a "buy" rating and set a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. Finally, Wells Fargo & Company boosted their price target on Kinder Morgan from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $35.50.

Kinder Morgan Trading Up 2.2%

NYSE:KMI opened at $32.27 on Tuesday. 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 fifty day moving average is $32.03 and its 200-day moving average is $32.37. The firm has a market cap of $71.86 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.47 and a beta of 0.54.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. Kinder Morgan's revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.2975 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. Kinder Morgan's payout ratio is currently 76.28%.

Insider Buying and Selling

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm's stock in a transaction dated 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 approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction 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 sale, the vice president owned 170,374 shares of the company's stock, valued at $5,423,004.42. This trade represents a 3.49% 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. Insiders have sold 13,882 shares of company stock worth $441,691 over the last ninety days. 12.72% of the stock is owned by insiders.

Kinder Morgan Company 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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