35,093 Kinder Morgan, Inc. $KMI Shares Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 529.4% in the third quarter, HoldingsChannel.com reports. The fund owned 41,722 shares of the pipeline company’s stock after buying an additional 35,093 shares during the period. Sanders Morris Harris LLC’s holdings in Kinder Morgan were worth $1,262,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KMI. Klingman & Associates LLC raised its position in Kinder Morgan by 3.9% during the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock valued at $285,000 after purchasing an additional 319 shares in the last quarter. TD Capital Management LLC lifted its stake in Kinder Morgan by 36.0% during the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 323 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings 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. Abel Hall LLC boosted its holdings in shares of Kinder Morgan by 4.0% in the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 330 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Kinder Morgan by 5.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,540 shares of the pipeline company’s stock valued at $209,000 after purchasing an additional 356 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI traded down $0.12 on Wednesday, hitting $33.30. The company had a trading volume of 12,072,153 shares, compared to its average volume of 12,134,986. The stock has a market capitalization of $74.16 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.33 and a beta of 0.59. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average of $31.55 and a two-hundred day moving average of $32.03. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid 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 was Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank Of Canada boosted their price target on Kinder Morgan from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 22nd. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Capital One Financial initiated coverage on Kinder Morgan in a research report on Tuesday, September 22nd. They issued an “equal weight” rating and a $36.00 target price on the stock. Finally, Morgan Stanley set a $33.00 target price on Kinder Morgan in a research note on Thursday, September 17th. Eleven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.47.

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total transaction of $47,740.00. Following the sale, the vice president owned 48,863 shares of the company’s stock, valued at $1,504,980.40. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by company insiders.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.