Bogart Wealth LLC Buys 15,268 Shares of Kinder Morgan, Inc. $KMI

Bogart Wealth LLC raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 446,079 shares of the pipeline company’s stock after purchasing an additional 15,268 shares during the quarter. Bogart Wealth LLC’s holdings in Kinder Morgan were worth $14,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KMI. Benjamin Edwards Inc. increased its position in shares of Kinder Morgan by 14.4% during the fourth quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock worth $12,849,000 after acquiring an additional 59,013 shares in the last quarter. Partners Group Holding AG lifted its position in Kinder Morgan by 45.0% in the 4th quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company’s stock valued at $8,020,000 after acquiring an additional 90,593 shares in the last quarter. Generali Asset Management SPA SGR boosted its stake in Kinder Morgan by 47.4% in the 4th quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company’s stock worth $4,309,000 after purchasing an additional 50,403 shares during the period. GSA Capital Partners LLP boosted its stake in Kinder Morgan by 152.2% in the 4th quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock worth $1,503,000 after purchasing an additional 32,998 shares during the period. Finally, OP Asset Management Ltd bought a new position in Kinder Morgan during the 1st quarter worth about $6,412,000. 62.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president directly owned 164,208 shares in the company, valued at $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a 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 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 transaction, the vice president directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 15,432 shares of company stock valued at $493,849. Corporate insiders own 12.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMI. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Morgan Stanley set a $38.00 price objective on Kinder Morgan in a report on Wednesday, July 29th. 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. Weiss Ratings cut Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Eight equities research 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.com, the stock currently has an average rating of “Hold” and an average price target of $35.50.

Kinder Morgan Stock Up 2.3%

Shares of KMI opened at $32.83 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. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The firm’s 50 day moving average is $31.99 and its 200-day moving average is $32.24. The stock has a market capitalization of $73.09 billion, a PE ratio of 21.04, a P/E/G ratio of 2.58 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last issued its quarterly 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. 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 firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given 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 is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Kinder Morgan 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.