NewEdge Advisors LLC Has $12.72 Million Stock Holdings in Kinder Morgan, Inc. $KMI

NewEdge Advisors LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 9.8% during the first quarter, HoldingsChannel.com reports. The fund owned 379,351 shares of the pipeline company’s stock after selling 41,347 shares during the quarter. NewEdge Advisors LLC’s holdings in Kinder Morgan were worth $12,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Benjamin Edwards Inc. lifted its holdings in shares of Kinder Morgan by 14.4% in the fourth quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock worth $12,849,000 after acquiring an additional 59,013 shares during the last quarter. Partners Group Holding AG grew its holdings 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 purchasing an additional 90,593 shares during the last quarter. Generali Asset Management SPA SGR increased its position in Kinder Morgan by 47.4% during the 4th quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company’s stock worth $4,309,000 after purchasing an additional 50,403 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Kinder Morgan by 152.2% in the 4th quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock valued at $1,503,000 after purchasing an additional 32,998 shares during the last quarter. Finally, Carnegie Investment Counsel boosted its position in Kinder Morgan by 7.6% in the fourth quarter. Carnegie Investment Counsel now owns 812,442 shares of the pipeline company’s stock valued at $22,334,000 after buying an additional 57,147 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Citigroup reissued a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. UBS Group restated a “buy” rating and set a $43.00 price objective 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 report on Wednesday, June 10th. Finally, Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.50.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $30.84 on Friday. The firm has a market cap of $68.68 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54. The firm’s fifty day moving average is $31.94 and its 200-day moving average is $32.13. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI) last announced 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 during the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.54 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a $0.2975 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.9%. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Insider Activity

In other 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 transaction, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 15,432 shares of company stock worth $493,849. 12.72% of the stock is owned by corporate insiders.

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.