Van ECK Associates Corp Boosts Position in Kinder Morgan, Inc. $KMI

Van ECK Associates Corp boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 30.9% in the second quarter, HoldingsChannel.com reports. The firm owned 1,363,867 shares of the pipeline company’s stock after buying an additional 321,924 shares during the quarter. Van ECK Associates Corp’s holdings in Kinder Morgan were worth $43,603,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. Evolution Wealth Management Inc. boosted its holdings in shares of Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after buying an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in shares of Kinder Morgan by 72.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock valued at $25,000 after buying an additional 328 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Kinder Morgan during the 1st quarter worth $28,000. Bell Investment Advisors Inc lifted its position in Kinder Morgan by 112.1% in the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 500 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction 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 $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated 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 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 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 have sold 13,882 shares of company stock valued at $441,691 over the last three months. 12.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on KMI. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. UBS Group reissued a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a research report on Monday, June 15th. Wells Fargo & Company raised their price target on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.50.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $31.57 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The business has a 50 day simple moving average of $32.03 and a 200-day simple moving average of $32.35. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The stock has a market capitalization of $70.30 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (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 analysts’ expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Announces Dividend

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

About Kinder Morgan

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.