Oak Family Advisors LLC Buys New Holdings in Kinder Morgan, Inc. $KMI

Oak Family Advisors LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 113,460 shares of the pipeline company’s stock, valued at approximately $3,627,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Webster Bank N. A. bought a new stake in Kinder Morgan in the 2nd quarter valued at $53,000. Merit Financial Group LLC lifted its holdings in shares of Kinder Morgan by 1.3% during the 2nd quarter. Merit Financial Group LLC now owns 150,528 shares of the pipeline company’s stock worth $4,812,000 after acquiring an additional 1,882 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at about $292,000. Clarity Financial LLC boosted its position in shares of Kinder Morgan by 6.6% during the 2nd quarter. Clarity Financial LLC now owns 487,315 shares of the pipeline company’s stock valued at $15,579,000 after acquiring an additional 30,322 shares in the last quarter. Finally, Royal Fund Management LLC increased its stake in Kinder Morgan by 2.4% in the second quarter. Royal Fund Management LLC now owns 64,738 shares of the pipeline company’s stock valued at $2,070,000 after acquiring an additional 1,513 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP Michael P. Garthwaite sold 1,550 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on 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 sale, the vice president owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This trade 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 three months, insiders sold 15,432 shares of company stock worth $493,849. Insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of several recent research reports. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Wells Fargo & Company upped their price objective on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Zacks Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Hold” and a consensus price target of $35.50.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $31.70 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $70.59 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 2.55 and a beta of 0.54. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The firm’s 50-day moving average price is $31.96 and its two-hundred day moving average price is $32.22.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.54 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a $0.2975 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan’s payout ratio is presently 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.