Empowered Funds LLC Increases Stock Holdings in Kinder Morgan, Inc. $KMI

Empowered Funds LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 16.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 739,073 shares of the pipeline company’s stock after acquiring an additional 106,217 shares during the quarter. Empowered Funds LLC’s holdings in Kinder Morgan were worth $23,628,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KMI. Benjamin Edwards Inc. raised its position in shares of Kinder Morgan by 14.4% in the 4th quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock valued at $12,849,000 after purchasing an additional 59,013 shares in the last quarter. Partners Group Holding AG boosted its stake in shares of Kinder Morgan by 45.0% during the 4th quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company’s stock valued at $8,020,000 after buying an additional 90,593 shares during the last quarter. Generali Asset Management SPA SGR grew its position in shares of Kinder Morgan by 47.4% during the fourth quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company’s stock worth $4,309,000 after buying an additional 50,403 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Kinder Morgan by 152.2% in the fourth quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock worth $1,503,000 after buying an additional 32,998 shares during the last quarter. Finally, OP Asset Management Ltd acquired a new stake in Kinder Morgan in the first quarter valued at $6,412,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 1.3%

KMI stock opened at $31.60 on Friday. The firm has a market cap of $70.36 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.50 and a beta of 0.54. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The firm has a fifty day moving average price of $32.03 and a two-hundred day moving average price of $32.36. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.

Kinder Morgan (NYSE:KMI) last posted 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 net margin of 19.31% and a return on equity of 10.46%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s payout ratio is presently 76.28%.

Analysts Set New Price Targets

A number of research analysts have commented on KMI shares. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note 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. UBS Group reaffirmed a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Finally, Morgan Stanley set a $38.00 target price on Kinder Morgan in a report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Hold” and an average target price of $35.50.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the firm’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 sale, the vice president owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This trade represents a 3.49% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 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 transaction, the vice president owned 41,743 shares of the company’s stock, valued at $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. Over the last 90 days, insiders sold 13,882 shares of company stock valued at $441,691. 12.72% of the stock is currently owned by insiders.

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.