Janney Montgomery Scott LLC Makes New Investment in Kinder Morgan, Inc. $KMI

Janney Montgomery Scott LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, HoldingsChannel.com reports. The fund bought 1,864,408 shares of the pipeline company’s stock, valued at approximately $59,605,000.

Several other hedge funds have also recently made changes to their positions in KMI. Evolution Wealth Management Inc. increased its stake 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 worth $25,000 after acquiring an additional 750 shares during the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $27,000. Acumen Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $28,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the sale, the vice president owned 170,374 shares in the company, valued at approximately $5,423,004.42. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred 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 directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. This trade 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 sold a total of 15,432 shares of company stock worth $493,849 over the last 90 days. Insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Up 2.3%

NYSE:KMI opened at $32.83 on Friday. The company has a market cap of $73.09 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.64 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 current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $31.99 and a 200-day simple moving average of $32.24.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KMI. UBS Group reissued a “buy” rating and set a $43.00 target price on shares of Kinder Morgan in a research report on Monday, June 15th. Wells Fargo & Company raised their price target on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Finally, Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Hold” and a consensus price target of $35.50.

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.