HighTower Advisors LLC Reduces Position in Kinder Morgan, Inc. $KMI

HighTower Advisors LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,168,471 shares of the pipeline company’s stock after selling 74,729 shares during the quarter. HighTower Advisors LLC’s holdings in Kinder Morgan were worth $37,356,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Klingman & Associates LLC grew its stake in shares of Kinder Morgan by 3.9% during the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock valued at $285,000 after buying an additional 319 shares during the last quarter. TD Capital Management LLC lifted its stake in shares of Kinder Morgan by 36.0% during the 4th quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 323 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in Kinder Morgan by 72.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 328 shares during the period. Loomis Sayles & Co. L P boosted its holdings in Kinder Morgan by 13.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock valued at $79,000 after acquiring an additional 329 shares during the period. Finally, Abel Hall LLC grew its position in Kinder Morgan by 4.0% in the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 330 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 2.2%

Shares of Kinder Morgan stock opened at $32.08 on Wednesday. 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 stock has a market cap of $71.43 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.22 and a beta of 0.56. The firm’s 50-day moving average is $31.93 and its two-hundred day moving average is $32.36. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81.

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

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.

Insider Buying and Selling at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction 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 directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John Schlosser sold 6,166 shares of the company’s stock in a transaction 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 sale, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMI has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their target price on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. UBS Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Finally, Morgan Stanley set a $38.00 price objective on shares of Kinder Morgan in a research report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.50.

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.