Kinder Morgan, Inc. $KMI Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,942,033 shares of the pipeline company’s stock after buying an additional 33,379 shares during the period. Kinder Morgan comprises approximately 1.1% of Maryland State Retirement & Pension System’s holdings, making the stock its 15th biggest position. Maryland State Retirement & Pension System’s holdings in Kinder Morgan were worth $53,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Norges Bank purchased a new position in Kinder Morgan in the 4th quarter valued at about $1,132,125,000. AQR Capital Management LLC lifted its stake in Kinder Morgan by 431.9% in the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock valued at $185,971,000 after buying an additional 5,333,986 shares in the last quarter. Merewether Investment Management LP purchased a new position in Kinder Morgan in the 2nd quarter valued at about $138,477,000. Zimmer Partners LP lifted its stake in Kinder Morgan by 177.8% in the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock valued at $171,845,000 after buying an additional 3,885,000 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Kinder Morgan in the 4th quarter valued at about $85,364,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research reports. UBS Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday. Citigroup raised their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Zacks Research raised shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Finally, Morgan Stanley raised their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.53.

Kinder Morgan Stock Down 0.2%

Shares of NYSE KMI opened at $31.41 on Wednesday. The company has a 50 day simple moving average of $32.21 and a 200-day simple moving average of $30.84. The company has a market capitalization of $69.88 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.62 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share 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 issued a dividend of $0.2975 per share. The ex-dividend date was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is 79.87%.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the sale, the vice president owned 170,374 shares in the company, valued at $5,423,004.42. This trade represents a 3.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 that occurred on Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the sale, the vice president directly owned 43,293 shares in the company, valued at approximately $1,456,809.45. The trade was a 3.46% 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. Insiders have sold a total of 21,598 shares of company stock valued at $700,474 in the last 90 days. 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.