KMG Fiduciary Partners LLC Buys 35,205 Shares of Kinder Morgan, Inc. $KMI

KMG Fiduciary Partners LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 24.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 178,106 shares of the pipeline company’s stock after buying an additional 35,205 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Kinder Morgan were worth $5,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth approximately $308,000. Schnieders Capital Management LLC. lifted its holdings in shares of Kinder Morgan by 11.4% during the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after buying an additional 7,081 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Kinder Morgan by 2.1% in the second quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock valued at $7,964,000 after acquiring an additional 5,586 shares during the period. Nebula Research & Development LLC acquired a new position in shares of Kinder Morgan in the second quarter valued at about $1,168,000. Finally, Sei Investments Co. raised its position in shares of Kinder Morgan by 20.4% in the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock valued at $25,328,000 after buying an additional 145,806 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KMI shares. UBS Group reissued a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.50.

Insider Buying and Selling at Kinder Morgan

In related 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 value of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 on Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president directly owned 164,208 shares of the company’s stock, 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. In the last three months, insiders sold 15,432 shares of company stock worth $493,849. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

NYSE:KMI opened at $31.37 on Tuesday. The stock’s 50-day moving average is $31.95 and its 200-day moving average is $32.18. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. 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 stock has a market cap of $69.85 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (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 during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the business earned $0.28 EPS. The firm’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 research analysts anticipate that Kinder Morgan, Inc. will post 1.54 earnings per share for the current year.

Kinder Morgan Announces Dividend

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 issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s payout ratio is 76.28%.

Kinder Morgan 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.