Maryland State Retirement & Pension System Increases Holdings in Kinder Morgan, Inc. $KMI

Maryland State Retirement & Pension System increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 3.9% during the third quarter, HoldingsChannel.com reports. The firm owned 1,908,654 shares of the pipeline company’s stock after buying an additional 71,982 shares during the period. Kinder Morgan accounts for 1.1% of Maryland State Retirement & Pension System’s portfolio, making the stock its 15th largest position. Maryland State Retirement & Pension System’s holdings in Kinder Morgan were worth $54,034,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its holdings in shares of Kinder Morgan by 15.1% in the third quarter. Sequoia Financial Advisors LLC now owns 230,110 shares of the pipeline company’s stock worth $6,514,000 after buying an additional 30,205 shares in the last quarter. Vectors Research Management LLC boosted its holdings in Kinder Morgan by 1.4% in the 3rd quarter. Vectors Research Management LLC now owns 128,104 shares of the pipeline company’s stock valued at $3,627,000 after purchasing an additional 1,797 shares during the period. Community Bank & Trust Waco Texas increased its holdings in shares of Kinder Morgan by 4.2% in the third quarter. Community Bank & Trust Waco Texas now owns 67,232 shares of the pipeline company’s stock worth $1,903,000 after purchasing an additional 2,718 shares during the period. Csenge Advisory Group raised its position in shares of Kinder Morgan by 20.0% in the third quarter. Csenge Advisory Group now owns 44,024 shares of the pipeline company’s stock worth $1,246,000 after buying an additional 7,336 shares in the last quarter. Finally, Nwam LLC boosted its stake in Kinder Morgan by 3.3% during the third quarter. Nwam LLC now owns 14,440 shares of the pipeline company’s stock valued at $399,000 after buying an additional 464 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $27.93 on Friday. The firm has a fifty day simple moving average of $27.10 and a two-hundred day simple moving average of $27.20. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The company has a market capitalization of $62.14 billion, a PE ratio of 22.89, a P/E/G ratio of 2.31 and a beta of 0.69.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is 95.90%.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the transaction, the vice president directly owned 201,204 shares of the company’s stock, valued at $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. Company insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KMI shares. Morgan Stanley set a $29.00 price target on Kinder Morgan in a report on Tuesday, December 23rd. Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. UBS Group restated a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. Scotiabank reiterated a “sector perform” rating and issued a $29.00 target price on shares of Kinder Morgan in a research report on Friday. Finally, Mizuho dropped their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Read Our Latest Stock Analysis on Kinder Morgan

Key Stories Impacting Kinder Morgan

Here are the key news stories impacting Kinder Morgan this week:

About Kinder Morgan

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMIFree Report).

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.