Cetera Investment Advisers Purchases 33,577 Shares of Kinder Morgan, Inc. $KMI

Cetera Investment Advisers grew its position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 1.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,980,952 shares of the pipeline company’s stock after purchasing an additional 33,577 shares during the period. Cetera Investment Advisers’ holdings in Kinder Morgan were worth $66,421,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KMI. Brighton Jones LLC bought a new position in Kinder Morgan in the fourth quarter worth approximately $308,000. Schnieders Capital Management LLC. lifted its position in Kinder Morgan by 11.4% during the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after purchasing an additional 7,081 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Kinder Morgan by 2.1% during the second quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock valued at $7,964,000 after purchasing an additional 5,586 shares during the period. Nebula Research & Development LLC purchased a new stake in Kinder Morgan in the second quarter worth about $1,168,000. Finally, Sei Investments Co. raised its stake in shares of Kinder Morgan by 20.4% in the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock worth $25,328,000 after buying an additional 145,806 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Up 0.3%

KMI stock opened at $32.87 on Friday. The firm has a 50 day moving average of $32.26 and a 200 day moving average of $31.83. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The stock has a market capitalization of $73.13 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.59 and a beta of 0.54. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.57 earnings per share for the current year.

Kinder Morgan Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Royal Bank Of Canada increased their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Finally, Wells Fargo & Company lifted their target price on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.08.

Read Our Latest Stock Report on Kinder Morgan

Kinder Morgan News Roundup

Here are the key news stories impacting Kinder Morgan this week:

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the transaction, the vice president directly owned 176,540 shares of the company’s stock, valued at $5,721,661.40. The trade was a 3.37% 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 shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 21,598 shares of company stock worth $693,689. Corporate insiders own 12.72% of the company’s stock.

About Kinder Morgan

(Free Report)

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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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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