Envestnet Asset Management Inc. Has $143.11 Million Holdings in Kinder Morgan, Inc. $KMI

Envestnet Asset Management Inc. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,867,834 shares of the pipeline company’s stock after buying an additional 245,962 shares during the period. Envestnet Asset Management Inc. owned about 0.22% of Kinder Morgan worth $143,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. raised its holdings in Kinder Morgan by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock worth $183,793,000 after buying an additional 794,388 shares during the period. Burney Co. raised its holdings in Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock worth $12,612,000 after buying an additional 252,736 shares during the period. Aberdeen Group plc raised its holdings in Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock worth $66,581,000 after buying an additional 609,748 shares during the period. Nordea Investment Management AB raised its holdings in Kinder Morgan by 9.9% during the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock worth $4,270,000 after buying an additional 13,150 shares during the period. Finally, Eagle Global Advisors LLC raised its holdings in Kinder Morgan by 15.6% during the 1st quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock worth $29,000,000 after buying an additional 137,030 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 134,174 shares of company stock valued at $3,727,678. Insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Down 0.2%

Shares of NYSE KMI opened at $26.11 on Wednesday. The stock has a market cap of $58.08 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 3.03 and a beta of 0.78. The business has a 50 day simple moving average of $27.27 and a 200 day simple moving average of $27.45. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.5%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Analysts Set New Price Targets

KMI has been the topic of several research analyst reports. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research note on Thursday, October 9th. Stifel Nicolaus lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. TD Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 target price on the stock. Jefferies Financial Group initiated coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.