Waverly Advisors LLC Grows Position in Kinder Morgan, Inc. $KMI

Waverly Advisors LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 13.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,088 shares of the pipeline company’s stock after acquiring an additional 23,933 shares during the quarter. Waverly Advisors LLC’s holdings in Kinder Morgan were worth $6,461,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Kinder Morgan by 1.1% in the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after purchasing an additional 1,875,143 shares during the last quarter. State Street Corp lifted its position in shares of Kinder Morgan by 2.2% during the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock worth $3,212,490,000 after purchasing an additional 2,510,601 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Kinder Morgan by 4,591.3% during the second quarter. California State Teachers Retirement System now owns 108,532,044 shares of the pipeline company’s stock worth $3,394,809,000 after purchasing an additional 106,218,591 shares in the last quarter. Bank of America Corp DE increased its holdings in Kinder Morgan by 1.4% in the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock valued at $2,079,477,000 after buying an additional 836,571 shares during the last quarter. Finally, Norges Bank acquired a new stake in Kinder Morgan in the fourth quarter valued at $1,132,125,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on KMI shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Wells Fargo & Company raised their target price on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Stifel Nicolaus began coverage on shares of Kinder Morgan in a research note on Wednesday. They issued a “hold” rating and a $35.00 price target on the stock. Finally, UBS Group restated a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $35.67.

Insider Activity at Kinder Morgan

In other news, VP John Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the transaction, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael 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 completion of the sale, 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. 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. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $30.99 on Friday. The stock’s 50-day moving average is $31.91 and its two-hundred day moving average is $32.34. 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, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The firm has a market cap of $69.01 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.22 and a beta of 0.56.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share 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 the consensus estimate of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a $0.2975 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. Kinder Morgan’s payout ratio is currently 76.28%.

Kinder Morgan Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.