18,575 Kinder Morgan, Inc. $KMI Shares Bought by Oak Grove Capital LLC

Oak Grove Capital LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 439,412 shares of the pipeline company’s stock after purchasing an additional 18,575 shares during the quarter. Oak Grove Capital LLC’s holdings in Kinder Morgan were worth $13,248,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KMI. BlackRock Inc. increased its holdings in shares of Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock worth $5,621,421,000 after buying an additional 1,875,143 shares during the last quarter. State Street Corp increased its stake in Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after acquiring an additional 5,361,578 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Kinder Morgan by 1.4% in the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock valued at $2,079,477,000 after purchasing an additional 836,571 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kinder Morgan by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock worth $577,998,000 after purchasing an additional 448,130 shares during the period. Finally, Amundi raised its holdings in Kinder Morgan by 5.8% in the first quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock valued at $507,332,000 after buying an additional 831,125 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Jefferies Financial Group decreased their target price on Kinder Morgan from $35.00 to $33.00 and set a “hold” rating for the company in a research report on Thursday, September 17th. Weiss Ratings lowered Kinder Morgan from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday. Capital One Financial began coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They set an “equal weight” rating and a $36.00 price objective on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They set a “hold” rating and a $35.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target of $35.77.

Kinder Morgan Stock Up 0.7%

Kinder Morgan stock opened at $32.48 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The company has a 50-day simple moving average of $31.48 and a 200-day simple moving average of $32.05. The firm has a market capitalization of $72.32 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.27 and a beta of 0.59. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81.

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

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid 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 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

Insider Activity at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the sale, the vice president directly owned 48,863 shares of the company’s stock, valued at approximately $1,504,980.40. This represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.