Waverly Advisors LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 18.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 178,155 shares of the pipeline company’s stock after buying an additional 27,234 shares during the quarter. Waverly Advisors LLC’s holdings in Kinder Morgan were worth $5,974,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Bridgewater Advisors Inc. raised its holdings in shares of Kinder Morgan by 5.7% in the first quarter. Bridgewater Advisors Inc. now owns 16,300 shares of the pipeline company’s stock worth $547,000 after acquiring an additional 878 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Kinder Morgan by 253.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,994,968 shares of the pipeline company’s stock valued at $100,421,000 after acquiring an additional 2,146,573 shares in the last quarter. GC Wealth Management RIA LLC boosted its stake in shares of Kinder Morgan by 1.5% during the first quarter. GC Wealth Management RIA LLC now owns 45,991 shares of the pipeline company’s stock valued at $1,542,000 after acquiring an additional 660 shares during the last quarter. Compound Planning Inc. increased its position in Kinder Morgan by 5.7% during the 1st quarter. Compound Planning Inc. now owns 57,508 shares of the pipeline company’s stock worth $1,928,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Klingman & Associates LLC increased its position in Kinder Morgan by 3.9% during the 1st quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock worth $285,000 after purchasing an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.
Kinder Morgan Stock Performance
Kinder Morgan stock opened at $31.65 on Wednesday. The stock has a fifty day moving average price of $32.16 and a 200 day moving average price of $31.93. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The firm has a market capitalization of $70.47 billion, a P/E ratio of 20.29, a PEG ratio of 2.58 and a beta of 0.54. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.91.
Kinder Morgan Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given 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 (DPR) is currently 76.28%.
Wall Street Analyst Weigh In
KMI has been the topic of a number of recent research reports. UBS Group restated a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a report on Monday, June 15th. Weiss Ratings downgraded shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Finally, Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Hold” and a consensus price target of $35.33.
Check Out Our Latest Stock Report on Kinder Morgan
Key Stories Impacting Kinder Morgan
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: Power and LNG projects support growth: Kinder Morgan’s contract-backed backlog is positioned to benefit from rising electricity generation, LNG exports and utility demand. The projects could support a new multiyear gas-infrastructure investment cycle and provide greater visibility into future cash flows. KMI’s Power and LNG Backlog Signals a New Gas Infrastructure Cycle
- Positive Sentiment: Midstream cash-flow appeal remains intact: Industry commentary highlights durable free-cash-flow generation among midstream companies, supporting dividends and potential buybacks. This reinforces KMI’s appeal to income-focused investors, although sector-level strength does not guarantee company-specific outperformance. Midstream and MLPs Deliver Durable Free Cash Flow
- Positive Sentiment: Some analysts remain constructive: A recent investment analysis characterized Kinder Morgan as a buy despite acknowledging it may not be the strongest midstream operator, providing support for the stock’s dividend and infrastructure-growth thesis. Kinder Morgan: Not the Best Midstream Stock, Still a Buy
- Neutral Sentiment: Investor attention is elevated: KMI is currently a trending stock on Zacks, which may increase near-term trading activity but does not itself indicate improving fundamentals or a likely price direction. Kinder Morgan Is a Trending Stock
- Negative Sentiment: Analyst sentiment is mixed: Reports indicate conflicting views on Kinder Morgan, while the broader brokerage consensus remains “Hold.” The lack of a clear upgrade catalyst may be limiting upside and helping explain the stock’s softer performance despite favorable infrastructure trends. Analysts Conflicted on Kinder Morgan and Schlumberger
Insider Activity at Kinder Morgan
In related news, VP Michael P. Garthwaite sold 1,550 shares of the business’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 completion of the sale, the vice president directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the transaction, the vice president directly owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This trade represents a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,598 shares of company stock worth $693,689 over the last three months. 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.
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