SVB Wealth LLC Has $7.46 Million Stake in Kinder Morgan, Inc. $KMI

SVB Wealth LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 16.4% during the 1st quarter, HoldingsChannel reports. The fund owned 222,544 shares of the pipeline company’s stock after acquiring an additional 31,307 shares during the quarter. SVB Wealth LLC’s holdings in Kinder Morgan were worth $7,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $308,000. Schnieders Capital Management LLC. boosted its position in shares of Kinder Morgan by 11.4% during the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after buying an additional 7,081 shares during the period. NewEdge Advisors LLC boosted its position in shares of Kinder Morgan by 2.1% during the second quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock worth $7,964,000 after buying an additional 5,586 shares during the period. Nebula Research & Development LLC bought a new position in shares of Kinder Morgan during the second quarter worth about $1,168,000. Finally, Sei Investments Co. grew its holdings in shares of Kinder Morgan by 20.4% during the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock worth $25,328,000 after buying an additional 145,806 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

KMI opened at $32.20 on Tuesday. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The firm has a market capitalization of $71.65 billion, a PE ratio of 21.61, a PEG ratio of 2.63 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The business’s 50-day simple moving average is $32.10 and its 200 day simple moving average is $30.97.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10. The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, May 4th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is currently 79.87%.

Analysts Set New Price Targets

KMI has been the topic of several research reports. Jefferies Financial Group cut their target price on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Truist Financial assumed coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Finally, Weiss Ratings upgraded shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.71.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the completion of the sale, the vice president owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. This represents a 3.37% 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 sold 23,148 shares of company stock valued at $749,206 over the last three months. 12.72% of the stock is owned by company insiders.

About Kinder Morgan

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.