Fox Run Management L.L.C. Purchases New Stake in Kinder Morgan, Inc. $KMI

Fox Run Management L.L.C. purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, HoldingsChannel reports. The institutional investor purchased 59,807 shares of the pipeline company’s stock, valued at approximately $1,912,000. Kinder Morgan makes up approximately 0.3% of Fox Run Management L.L.C.’s portfolio, making the stock its 26th biggest holding.

Several other institutional investors also recently bought and sold shares of the business. Choreo LLC increased its position in shares of Kinder Morgan by 4.4% in the second quarter. Choreo LLC now owns 69,359 shares of the pipeline company’s stock worth $2,217,000 after acquiring an additional 2,893 shares in the last quarter. Archer Investment Corp raised its stake in shares of Kinder Morgan by 1.0% in the 2nd quarter. Archer Investment Corp now owns 37,614 shares of the pipeline company’s stock valued at $1,203,000 after acquiring an additional 373 shares during the period. Qsemble Capital Management LP acquired a new position in shares of Kinder Morgan during the 2nd quarter valued at $1,847,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Kinder Morgan during the 2nd quarter valued at $1,008,000. Finally, Ascent Group LLC boosted its position in Kinder Morgan by 3.9% during the 2nd quarter. Ascent Group LLC now owns 14,542 shares of the pipeline company’s stock worth $465,000 after purchasing an additional 544 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. UBS Group restated a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Morgan Stanley set a $38.00 target price on Kinder Morgan in a research report on Wednesday, July 29th. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.50.

Insider Activity at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred 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 completion of the transaction, the vice president 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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the sale, the vice president owned 170,374 shares of the company’s stock, valued at $5,423,004.42. This trade represents a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 15,432 shares of company stock valued at $493,849. Insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $32.83 on Friday. The company has a 50-day moving average of $31.99 and a 200-day moving average of $32.24. The company has a market capitalization of $73.09 billion, a P/E ratio of 21.04, a PEG ratio of 2.64 and a beta of 0.54. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46.

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

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 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.