Saudi Central Bank Buys 58,469 Shares of Kinder Morgan, Inc. $KMI

Saudi Central Bank lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 79.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,376 shares of the pipeline company’s stock after acquiring an additional 58,469 shares during the period. Saudi Central Bank’s holdings in Kinder Morgan were worth $4,232,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. raised its holdings in shares of Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 750 shares during the period. Transamerica Financial Advisors LLC boosted its stake in Kinder Morgan by 72.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 328 shares during the period. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan in the 4th quarter worth $27,000. Acumen Wealth Advisors LLC bought a new position in Kinder Morgan during the 4th quarter worth about $28,000. Finally, Frazier Financial Advisors LLC bought a new position in Kinder Morgan during the 1st quarter worth about $28,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.1%

Shares of KMI stock opened at $31.42 on Monday. The firm’s fifty day moving average price is $31.95 and its two-hundred day moving average price is $32.37. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The firm has a market capitalization of $69.97 billion, a P/E ratio of 20.14, a PEG ratio of 2.22 and a beta of 0.56.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan’s dividend payout ratio is 76.28%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was 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 directly owned 164,208 shares in the company, valued at $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. 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. Corporate insiders own 12.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley set a $38.00 price target on Kinder Morgan in a report on Wednesday, July 29th. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. UBS Group reissued a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a research report on Monday, June 15th. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Finally, Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” 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 stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target of $35.50.

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.