Great Lakes Advisors LLC Purchases New Position in Kinder Morgan, Inc. $KMI

Great Lakes Advisors LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 491,880 shares of the pipeline company’s stock, valued at approximately $15,725,000.

Other hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. raised its stake in shares of Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 750 shares during the period. Commonwealth Retirement Investments LLC purchased a new position in Kinder Morgan during the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter valued at about $28,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth about $28,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth about $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. UBS Group reissued a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Morgan Stanley set a $38.00 price target on shares of Kinder Morgan in a research report on Wednesday, July 29th. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.50.

Insider Buying and Selling at Kinder Morgan

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 stock was 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 $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 dated Friday, June 5th. The stock was 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 owned 170,374 shares of the company’s stock, valued at $5,423,004.42. The trade was a 3.49% 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. Insiders sold 13,882 shares of company stock valued at $441,691 over the last quarter. 12.72% of the stock is owned by company insiders.

Kinder Morgan Stock Up 1.8%

KMI stock opened at $32.90 on Wednesday. The company’s 50 day moving average is $32.04 and its 200 day moving average is $32.30. The stock has a market cap of $73.27 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. 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 earnings results 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. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the business posted $0.28 earnings per share. Kinder Morgan’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s payout ratio is currently 76.28%.

Kinder Morgan Company 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.