iSAM Funds UK Ltd acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 25,400 shares of the pipeline company’s stock, valued at approximately $812,000.
Several other hedge funds have also recently modified their holdings of KMI. Evolution Wealth Management Inc. lifted its stake in Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in shares of Kinder Morgan by 72.9% during the second 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. Commonwealth Retirement Investments LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan in the first quarter worth about $28,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.
Insider Transactions at Kinder Morgan
In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated 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 owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the transaction, the vice president owned 170,374 shares of the company’s stock, valued at $5,423,004.42. This trade represents a 3.49% 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. Over the last ninety days, insiders have sold 13,882 shares of company stock valued at $441,691. 12.72% of the stock is owned by corporate insiders.
Kinder Morgan Stock Performance
Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the company earned $0.28 earnings per share. Kinder Morgan’s 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. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.
Kinder Morgan Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on KMI. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Morgan Stanley set a $38.00 target price on Kinder Morgan in a research report on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.50.
Check Out Our Latest Analysis on KMI
Kinder Morgan Company 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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