Simplicity Wealth LLC Has $3.29 Million Stock Position in Kinder Morgan, Inc. $KMI

Simplicity Wealth LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 867.2% during the 2nd quarter, Holdings Channel reports. The firm owned 102,908 shares of the pipeline company’s stock after purchasing an additional 92,268 shares during the quarter. Simplicity Wealth LLC’s holdings in Kinder Morgan were worth $3,290,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KMI. Benjamin Edwards Inc. boosted its stake in Kinder Morgan by 14.4% in the fourth quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock valued at $12,849,000 after acquiring an additional 59,013 shares during the last quarter. Partners Group Holding AG boosted its position in shares of Kinder Morgan by 45.0% in 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 during the last quarter. Generali Asset Management SPA SGR boosted its holdings in 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 buying an additional 50,403 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Kinder Morgan by 152.2% in the 4th quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock valued at $1,503,000 after acquiring an additional 32,998 shares during the last quarter. Finally, OP Asset Management Ltd acquired a new position in Kinder Morgan in the first quarter valued at about $6,412,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Price Performance

Shares of KMI opened at $32.83 on Monday. The firm has a market capitalization of $73.09 billion, a PE ratio of 21.04, a PEG ratio of 2.57 and a beta of 0.54. The company’s 50-day moving average is $31.99 and its 200-day moving average is $32.26. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 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 business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the business earned $0.28 EPS. Kinder Morgan’s quarterly 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. Equities analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s payout ratio is presently 76.28%.

Analysts Set New Price Targets

KMI has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. UBS Group reissued a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Morgan Stanley set a $38.00 target price on shares of Kinder Morgan in a research report on Wednesday, July 29th. Wells Fargo & Company boosted their price target 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. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.50.

Insiders Place Their Bets

In other news, VP Michael P. Garthwaite sold 1,550 shares of the 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 sale, the vice president directly 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 transaction was disclosed in a document filed 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 firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the transaction, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 13,882 shares of company stock valued at $441,691. Corporate insiders own 12.72% of the company’s stock.

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.