Wealthfront Advisers LLC Boosts Stock Position in Kinder Morgan, Inc. $KMI

Wealthfront Advisers LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 411,809 shares of the pipeline company’s stock after purchasing an additional 22,312 shares during the quarter. Wealthfront Advisers LLC’s holdings in Kinder Morgan were worth $13,808,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. TD Capital Management LLC grew its position 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 valued at $34,000 after acquiring an additional 323 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of Kinder Morgan by 13.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after acquiring an additional 329 shares during the last quarter. Abel Hall LLC boosted its stake 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. Parkside Financial Bank & Trust boosted its stake in shares of Kinder Morgan by 4.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock valued at $232,000 after purchasing an additional 333 shares in the last quarter. Finally, Waddell & Associates LLC grew its holdings in shares of Kinder Morgan by 1.3% during the 4th quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock valued at $720,000 after purchasing an additional 336 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of several recent research reports. Truist Financial began coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target for the company. Scotiabank raised their price objective on Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. UBS Group reiterated a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Jefferies Financial Group lowered their target price on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, Weiss Ratings cut Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of “Hold” and a consensus target price of $34.71.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the transaction, the vice president directly owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 the company’s stock in a transaction that occurred on 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 represents a 3.58% 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 a total of 21,598 shares of company stock valued at $693,689 in the last ninety days. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Up 1.0%

Shares of KMI opened at $32.51 on Friday. The stock has a market capitalization of $72.32 billion, a P/E ratio of 21.82, a PEG ratio of 2.68 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 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The firm has a fifty day simple moving average of $32.27 and a two-hundred day simple moving average of $31.65.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. The firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 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 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $0.2975 per share. The ex-dividend date was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is presently 79.87%.

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.