Corient Private Wealth LP Lowers Stake in Kinder Morgan, Inc. $KMI

Corient Private Wealth LP lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 9.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 694,682 shares of the pipeline company’s stock after selling 73,905 shares during the period. Corient Private Wealth LP’s holdings in Kinder Morgan were worth $22,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Ausdal Financial Partners Inc. lifted its stake in Kinder Morgan by 13.3% during the second quarter. Ausdal Financial Partners Inc. now owns 43,998 shares of the pipeline company’s stock worth $1,407,000 after purchasing an additional 5,179 shares in the last quarter. Bcwm LLC grew its stake in shares of Kinder Morgan by 1.2% in the second quarter. Bcwm LLC now owns 294,024 shares of the pipeline company’s stock valued at $9,400,000 after buying an additional 3,365 shares in the last quarter. Pointe Capital Management LLC purchased a new stake in shares of Kinder Morgan in the 2nd quarter valued at $330,000. First Bancorp Inc ME purchased a new stake in shares of Kinder Morgan in the 2nd quarter valued at $83,000. Finally, Dearborn Partners LLC acquired a new position in Kinder Morgan during the 2nd quarter worth about $212,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $31.57 on Friday. The firm has a market capitalization of $70.30 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.47 and a beta of 0.54. The firm’s fifty day simple moving average is $32.03 and its 200-day simple moving average is $32.35. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. 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 (NYSE:KMI) last issued its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley set a $38.00 target price on Kinder Morgan in a report on Wednesday, July 29th. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Citigroup reissued a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Finally, UBS Group restated a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Eight 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 presently has a consensus rating of “Hold” and a consensus price target of $35.50.

Insider Transactions at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the company’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 value of $48,732.00. Following the completion of the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 transaction, the vice president owned 170,374 shares in the company, valued at $5,423,004.42. This represents a 3.49% 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 quarter, insiders sold 13,882 shares of company stock worth $441,691. Company insiders own 12.72% of the company’s stock.

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.