Energy Income Partners LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 1.3% in the second quarter, Holdings Channel reports. The firm owned 7,534,321 shares of the pipeline company’s stock after purchasing an additional 99,145 shares during the period. Kinder Morgan makes up about 3.8% of Energy Income Partners LLC’s investment portfolio, making the stock its 4th biggest position. Energy Income Partners LLC’s holdings in Kinder Morgan were worth $240,872,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Evolution Wealth Management Inc. lifted its position in Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after buying an additional 750 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Kinder Morgan in the first quarter worth $28,000. Acumen Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at $28,000. Finally, Basepoint Wealth LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 62.52% of the company’s stock.
Insider Activity at Kinder Morgan
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 value of $48,732.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan 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 sale, the vice president 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 13,882 shares of company stock worth $441,691. 12.72% of the stock is owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Kinder Morgan
Kinder Morgan Price Performance
Shares of NYSE KMI opened at $32.90 on Wednesday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The business has a 50 day moving average price of $32.04 and a two-hundred day moving average price of $32.30. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The firm has a market cap of $73.27 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54.
Kinder Morgan (NYSE:KMI – Get Free Report) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.
Kinder Morgan Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s dividend 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.
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