Kinder Morgan, Inc. $KMI Stock Position Increased by Empowered Funds LLC

Empowered Funds LLC raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.8% in the second quarter, HoldingsChannel reports. The firm owned 739,073 shares of the pipeline company’s stock after acquiring an additional 106,217 shares during the period. Empowered Funds LLC’s holdings in Kinder Morgan were worth $23,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. grew its holdings in Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after buying an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in Kinder Morgan by 72.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 328 shares during the period. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Acumen Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $28,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Kinder Morgan during the first quarter valued at $28,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Eight research 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 stock currently has a consensus rating of “Hold” and a consensus target price of $35.50.

Kinder Morgan Trading Down 1.3%

Shares of Kinder Morgan stock opened at $31.60 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The firm has a market cap of $70.36 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54. The business has a fifty day simple moving average of $32.03 and a 200-day simple moving average of $32.36. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two 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, beating the consensus estimate of $0.31 by $0.06. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share. 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 EPS for the current fiscal 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 given a dividend of $0.2975 per share. The ex-dividend date 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 76.28%.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on 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 sale, 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 Securities & Exchange Commission, 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 firm’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 transaction of $48,732.00. Following 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,882 shares of company stock worth $441,691 in the last ninety days. Corporate insiders own 12.72% of the company’s stock.

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.