Kinder Morgan, Inc. $KMI Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 235.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,329 shares of the pipeline company’s stock after buying an additional 181,951 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Kinder Morgan were worth $7,100,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $1,132,125,000. AQR Capital Management LLC raised its position in shares of Kinder Morgan by 431.9% during 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 during the period. Merewether Investment Management LP purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at approximately $138,477,000. Zimmer Partners LP raised its position in shares of Kinder Morgan by 177.8% during 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 during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $85,364,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KMI shares. Weiss Ratings raised shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Jefferies Financial Group dropped their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Finally, Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.53.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, April 6th. The shares were sold at an average price of $32.93, for a total transaction of $203,046.38. Following the completion of the sale, the vice president directly owned 182,706 shares of the company’s stock, valued at approximately $6,016,508.58. The trade was a 3.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan 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 sale, the vice president directly owned 43,293 shares of the company’s stock, valued at approximately $1,456,809.45. This trade represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 21,598 shares of company stock valued at $700,474. Insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $31.41 on Wednesday. The company has a fifty day simple moving average of $32.21 and a two-hundred day simple moving average of $30.84. The company has a market cap of $69.88 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.62 and a beta of 0.54. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s payout ratio is presently 79.87%.

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.