Sumitomo Mitsui Trust Group Inc. Raises Stake in Kinder Morgan, Inc. $KMI

Sumitomo Mitsui Trust Group Inc. grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,921,058 shares of the pipeline company’s stock after buying an additional 162,859 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Kinder Morgan worth $139,315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV raised its stake in Kinder Morgan by 14.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock valued at $83,000 after acquiring an additional 357 shares during the last quarter. L.M. Kohn & Company raised its stake in shares of Kinder Morgan by 3.4% during the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 360 shares during the last quarter. Alhambra Investment Management LLC lifted its holdings in shares of Kinder Morgan by 2.3% during the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after purchasing an additional 363 shares during the period. Golden State Equity Partners grew its position in Kinder Morgan by 2.2% in the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock valued at $485,000 after buying an additional 368 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC increased its stake in Kinder Morgan by 4.2% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after buying an additional 374 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.39 on Wednesday. The firm has a market capitalization of $60.93 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 2.22 and a beta of 0.69. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49. The business’s 50 day simple moving average is $27.02 and its 200-day simple moving average is $27.22. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.Kinder Morgan’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Wall Street Analyst Weigh In

Several analysts have recently commented on KMI shares. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price for the company. Morgan Stanley set a $29.00 price objective on Kinder Morgan in a report on Tuesday, December 23rd. Jefferies Financial Group dropped their target price on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, December 23rd. UBS Group reissued a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Finally, Scotiabank dropped their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Insiders Place Their Bets

In related news, Director Amy W. Chronis acquired 3,800 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the transaction, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the sale, the vice president directly owned 201,204 shares in the company, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders acquired 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $507,462. 12.73% of the stock is currently owned by company insiders.

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.