Envestnet Portfolio Solutions Inc. Purchases 37,922 Shares of Kinder Morgan, Inc. $KMI

Envestnet Portfolio Solutions Inc. increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 574,907 shares of the pipeline company’s stock after purchasing an additional 37,922 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Kinder Morgan were worth $18,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KMI. Commonwealth Retirement Investments LLC bought a new stake in Kinder Morgan during the fourth quarter worth $27,000. Frazier Financial Advisors LLC bought a new position in shares of Kinder Morgan in the 1st quarter valued at $28,000. Acumen Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at $28,000. Basepoint Wealth LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth $30,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Kinder Morgan during the 4th quarter worth $30,000. 62.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KMI has been the topic of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company upped their price objective 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Hold” and a consensus target price of $35.50.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were 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 owned 170,374 shares in the company, valued at $5,423,004.42. This trade represents a 3.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred 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 sale, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% 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. In the last quarter, insiders sold 15,432 shares of company stock valued at $493,849. 12.72% of the stock is owned by company insiders.

Kinder Morgan Trading Up 0.7%

NYSE KMI opened at $31.70 on Thursday. The company has a market cap of $70.59 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.55 and a beta of 0.54. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. 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’s fifty day moving average is $31.96 and its 200 day moving average is $32.22.

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

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a $0.2975 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio is currently 76.28%.

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.