Wealthfront Advisers LLC Increases Stake in Kinder Morgan, Inc. $KMI

Wealthfront Advisers LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 411,809 shares of the pipeline company’s stock after acquiring an additional 22,312 shares during the period. Wealthfront Advisers LLC’s holdings in Kinder Morgan were worth $13,808,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in shares of Kinder Morgan by 2.7% in the 1st quarter. D.A. Davidson & CO. now owns 658,241 shares of the pipeline company’s stock valued at $22,071,000 after purchasing an additional 17,480 shares during the period. RFG Bristol Wealth Advisors LLC purchased a new stake in Kinder Morgan in the first quarter worth $215,000. Bank of New York Mellon Corp grew its stake in Kinder Morgan by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 12,352,286 shares of the pipeline company’s stock worth $414,172,000 after purchasing an additional 65,965 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Kinder Morgan by 1.7% in the first quarter. Illinois Municipal Retirement Fund now owns 655,726 shares of the pipeline company’s stock worth $21,986,000 after purchasing an additional 11,070 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Kinder Morgan in the first quarter worth $67,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Up 1.0%

NYSE KMI opened at $32.51 on Friday. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The stock has a market cap of $72.32 billion, a P/E ratio of 21.82, a P/E/G ratio of 2.68 and a beta of 0.54. The stock’s fifty day moving average price is $32.27 and its 200-day moving average price is $31.65. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.Kinder Morgan’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a dividend of $0.2975 per share. The ex-dividend date was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan 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 transaction, the vice president directly owned 41,743 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible 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 the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the completion of the transaction, the vice president owned 176,540 shares in the company, valued at approximately $5,721,661.40. This represents a 3.37% 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. Insiders sold 21,598 shares of company stock valued at $693,689 over the last ninety days. Corporate insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMI. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Jefferies Financial Group lowered their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Finally, UBS Group restated a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Hold” and a consensus price target of $34.71.

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.