SIR Capital Management L.P. Has $42.03 Million Stake in Kinder Morgan, Inc. $KMI

SIR Capital Management L.P. cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,528,726 shares of the pipeline company’s stock after selling 292,153 shares during the quarter. Kinder Morgan comprises approximately 4.6% of SIR Capital Management L.P.’s holdings, making the stock its 2nd largest holding. SIR Capital Management L.P.’s holdings in Kinder Morgan were worth $42,025,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Milford Funds Ltd. bought a new stake in Kinder Morgan in the fourth quarter worth $1,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kinder Morgan by 0.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,901,553 shares of the pipeline company’s stock worth $299,684,000 after buying an additional 57,150 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its position in Kinder Morgan by 42.7% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 659,452 shares of the pipeline company’s stock worth $18,128,000 after buying an additional 197,392 shares during the last quarter. Korea Investment CORP lifted its position in Kinder Morgan by 7.5% in the fourth quarter. Korea Investment CORP now owns 1,509,597 shares of the pipeline company’s stock worth $41,499,000 after buying an additional 105,789 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its position in Kinder Morgan by 7.9% in the fourth quarter. Cohen & Steers Inc. now owns 797,706 shares of the pipeline company’s stock worth $21,929,000 after buying an additional 58,280 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KMI. Barclays restated an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Jefferies Financial Group decreased their target price on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Scotiabank lifted their target price on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Mizuho lifted their target price on Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Finally, Morgan Stanley lifted their target price on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.20.

Kinder Morgan Stock Up 1.6%

NYSE:KMI opened at $31.87 on Friday. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a market cap of $70.91 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.61 and a beta of 0.54. The stock has a fifty day simple moving average of $32.28 and a 200-day simple moving average of $30.75. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same period last year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $0.2975 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s payout ratio is 79.87%.

Insider Buying and Selling at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president owned 43,293 shares in the company, valued at approximately $1,456,809.45. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Monday, April 6th. The shares were sold at an average price of $32.93, for a total value of $203,046.38. Following the transaction, the vice president owned 182,706 shares in the company, valued at approximately $6,016,508.58. This represents a 3.26% 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. In the last 90 days, insiders have sold 23,148 shares of company stock worth $752,089. Insiders own 12.72% of the company’s stock.

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.