Sanders Morris Harris LLC Sells 35,093 Shares of Kinder Morgan, Inc. $KMI

Sanders Morris Harris LLC decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 84.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,629 shares of the pipeline company’s stock after selling 35,093 shares during the quarter. Sanders Morris Harris LLC’s holdings in Kinder Morgan were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in KMI. Klingman & Associates LLC grew its stake in shares of Kinder Morgan by 3.9% during the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock valued at $285,000 after buying an additional 319 shares during the last quarter. TD Capital Management LLC lifted its stake in Kinder Morgan by 36.0% in the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 323 shares during the period. Loomis Sayles & Co. L P increased its holdings in Kinder Morgan by 13.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock valued at $79,000 after buying an additional 329 shares during the period. Abel Hall LLC increased its holdings in shares of Kinder Morgan by 4.0% in the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 330 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Kinder Morgan by 4.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock worth $232,000 after purchasing an additional 333 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the transaction, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This trade represents a 3.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 business’s 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 transaction, 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 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. Over the last ninety days, insiders have sold 15,432 shares of company stock worth $493,849. 12.72% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on KMI. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Finally, Zacks Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.50.

Kinder Morgan Stock Down 0.8%

NYSE:KMI opened at $31.12 on Thursday. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The stock’s fifty day moving average is $31.96 and its two-hundred day moving average is $32.11. The stock has a market capitalization of $69.30 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.54 and a beta of 0.54. 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 (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 10.46% and a net margin of 19.31%.The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.54 EPS for the current year.

Kinder Morgan Announces Dividend

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