Russell Investments Group Ltd. Sells 91,704 Shares of Kinder Morgan, Inc. $KMI

Russell Investments Group Ltd. lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,868,260 shares of the pipeline company’s stock after selling 91,704 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Kinder Morgan worth $59,737,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. lifted its stake in Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 750 shares during the last quarter. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in shares of Kinder Morgan during the first quarter valued at about $28,000. Acumen Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $28,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the sale, the vice president owned 170,374 shares of the company’s stock, valued at $5,423,004.42. This trade represents a 3.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 that occurred 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 in the company, valued at $1,312,399.92. This represents a 3.58% 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. In the last three months, insiders sold 13,882 shares of company stock valued at $441,691. 12.72% of the stock is owned by insiders.

Kinder Morgan Price Performance

KMI opened at $32.83 on Monday. 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 company has a market cap of $73.09 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The stock has a fifty day simple moving average of $31.99 and a two-hundred day simple moving average of $32.26. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its earnings results 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 analysts’ expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.2975 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

Wall Street Analyst Weigh In

KMI has been the subject of several analyst reports. Weiss Ratings cut Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Morgan Stanley set a $38.00 price objective on Kinder Morgan in a research note on Wednesday, July 29th. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Hold” and a consensus target price of $35.50.

Kinder Morgan Company 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.