Waverly Advisors LLC Raises Stake in Kinder Morgan, Inc. $KMI

Waverly Advisors LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 202,088 shares of the pipeline company’s stock after acquiring an additional 23,933 shares during the period. Waverly Advisors LLC’s holdings in Kinder Morgan were worth $6,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Empirical Finance LLC raised its stake in Kinder Morgan by 3.5% during the second quarter. Empirical Finance LLC now owns 68,327 shares of the pipeline company’s stock worth $2,184,000 after purchasing an additional 2,317 shares during the period. Nykredit A S acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $4,823,000. Parkside Financial Bank & Trust increased its holdings in shares of Kinder Morgan by 19.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 9,685 shares of the pipeline company’s stock worth $310,000 after buying an additional 1,580 shares during the last quarter. Range Advisory LLC raised its position in shares of Kinder Morgan by 15.2% during the 2nd quarter. Range Advisory LLC now owns 9,157 shares of the pipeline company’s stock valued at $293,000 after buying an additional 1,210 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in Kinder Morgan by 4,591.3% in the second quarter. California State Teachers Retirement System now owns 108,532,044 shares of the pipeline company’s stock valued at $3,394,809,000 after acquiring an additional 106,218,591 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the transaction, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 company’s 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 sale, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. This represents a 3.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KMI shares. Morgan Stanley set a $38.00 price objective on Kinder Morgan in a research report on Wednesday, July 29th. Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. UBS Group reiterated a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company upped their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.67.

Kinder Morgan Trading Down 1.3%

Shares of NYSE KMI opened at $30.99 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $69.01 billion, a PE ratio of 19.87, a PEG ratio of 2.22 and a beta of 0.56. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The stock has a fifty day simple moving average of $31.91 and a 200-day simple moving average of $32.34.

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

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid a $0.2975 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

Kinder Morgan 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.