Wellington Management Group LLP Invests $2.06 Million in Kinder Morgan, Inc. $KMI

Wellington Management Group LLP acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 64,453 shares of the pipeline company’s stock, valued at approximately $2,061,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its stake in Kinder Morgan by 4,166.7% during the 2nd 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 period. Transamerica Financial Advisors LLC boosted its position in shares of Kinder Morgan by 72.9% in the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 328 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Kinder Morgan in the first quarter worth $28,000. Bell Investment Advisors Inc increased its stake in shares of Kinder Morgan by 112.1% in the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $27,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 stock was 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 in the company, valued at approximately $1,312,399.92. The trade was 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 accessible 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 stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the transaction, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. This trade represents a 3.62% 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. Company insiders own 12.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KMI. Morgan Stanley set a $38.00 target price on shares of Kinder Morgan in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.67.

Kinder Morgan Price Performance

KMI opened at $30.99 on Friday. The business has a fifty day moving average of $31.91 and a 200 day moving average of $32.34. The stock has a market cap of $69.01 billion, a P/E ratio of 19.87, a PEG ratio of 2.22 and a beta of 0.56. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81.

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

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 76.28%.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.