Kinder Morgan, Inc. $KMI Stock Position Boosted by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 20.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 131,471 shares of the pipeline company’s stock after buying an additional 21,994 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Kinder Morgan were worth $4,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Kinder Morgan by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock worth $5,780,637,000 after purchasing an additional 2,165,130 shares during the period. State Street Corp raised its stake in shares of Kinder Morgan by 2.2% in the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock worth $3,212,490,000 after buying an additional 2,510,601 shares in the last quarter. Norges Bank bought a new stake in shares of Kinder Morgan in the 4th quarter worth $1,132,125,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kinder Morgan by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company’s stock valued at $827,582,000 after buying an additional 195,088 shares during the period. Finally, Orbis Allan Gray Ltd lifted its holdings in shares of Kinder Morgan by 3.1% in the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after buying an additional 670,856 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were 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 of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Kinder Morgan stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the transaction, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. The trade was a 3.62% 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. In the last 90 days, insiders sold 23,148 shares of company stock valued at $742,855. 12.72% of the stock is owned by insiders.

Kinder Morgan Trading Up 1.1%

NYSE:KMI opened at $32.58 on Wednesday. The stock has a fifty day simple moving average of $32.23 and a 200 day simple moving average of $31.58. The firm has a market capitalization of $72.49 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.68 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 quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92.

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

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $0.2975 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio (DPR) is presently 79.87%.

Analyst Ratings Changes

KMI has been the topic of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Scotiabank raised their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, March 26th. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Finally, Citigroup boosted their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.71.

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.