Wealthfront Advisers LLC Has $14.21 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Wealthfront Advisers LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 444,645 shares of the pipeline company’s stock after purchasing an additional 32,836 shares during the period. Wealthfront Advisers LLC’s holdings in Kinder Morgan were worth $14,215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KMI. Ontario Teachers Pension Plan Board purchased a new position in Kinder Morgan in the 2nd quarter worth about $239,397,000. Energy Income Partners LLC lifted its stake in Kinder Morgan by 1.3% during the second quarter. Energy Income Partners LLC now owns 7,534,321 shares of the pipeline company’s stock valued at $240,872,000 after buying an additional 99,145 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in shares of Kinder Morgan by 13.2% in the second quarter. Meeder Advisory Services Inc. now owns 42,303 shares of the pipeline company’s stock worth $1,352,000 after buying an additional 4,918 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Kinder Morgan by 30.3% in the second quarter. Meeder Asset Management Inc. now owns 1,541 shares of the pipeline company’s stock worth $49,000 after buying an additional 358 shares during the period. Finally, Citizens Financial Group Inc. RI increased its position in shares of Kinder Morgan by 1.5% in the second quarter. Citizens Financial Group Inc. RI now owns 484,651 shares of the pipeline company’s stock worth $15,494,000 after acquiring an additional 7,215 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. 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. Finally, Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.50.

Insiders Place Their Bets

In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Tuesday, June 16th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total value 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 trade represents a 3.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,882 shares of company stock worth $441,691 over the last ninety days. 12.72% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

KMI stock opened at $32.90 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The stock has a market cap of $73.27 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.57 and a beta of 0.54. The firm has a 50 day simple moving average of $32.04 and a 200 day simple moving average of $32.30. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

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

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s payout ratio is currently 76.28%.

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.