UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,435,377 Shares of Kinder Morgan, Inc. $KMI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,735,769 shares of the pipeline company’s stock after selling 1,435,377 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kinder Morgan were worth $311,253,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board lifted its stake in Kinder Morgan by 8.0% in the second quarter. New Mexico Educational Retirement Board now owns 97,380 shares of the pipeline company’s stock worth $3,113,000 after purchasing an additional 7,200 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in shares of Kinder Morgan by 8.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 58,968 shares of the pipeline company’s stock valued at $1,885,000 after acquiring an additional 4,795 shares during the last quarter. Van ECK Associates Corp grew its position in Kinder Morgan by 30.9% during the 2nd quarter. Van ECK Associates Corp now owns 1,363,867 shares of the pipeline company’s stock worth $43,603,000 after acquiring an additional 321,924 shares during the last quarter. Prosperitas Financial LLC lifted its position in Kinder Morgan by 98.5% in the second quarter. Prosperitas Financial LLC now owns 12,377 shares of the pipeline company’s stock valued at $396,000 after purchasing an additional 6,143 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Kinder Morgan in the second quarter worth approximately $2,061,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction 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 transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,882 shares of company stock valued at $441,691 in the last ninety days. Insiders own 12.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KMI. Morgan Stanley set a $38.00 price target on Kinder Morgan in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. UBS Group reaffirmed a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Finally, Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.50.

Kinder Morgan Stock Up 2.2%

KMI opened at $32.27 on Tuesday. The company has a market capitalization of $71.86 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54. The firm has a 50-day simple moving average of $32.03 and a two-hundred day simple moving average of $32.37. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the prior year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s payout ratio is 76.28%.

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.