North Dakota State Investment Board Buys Shares of 66,682 Kinder Morgan, Inc. $KMI

North Dakota State Investment Board bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, HoldingsChannel reports. The fund bought 66,682 shares of the pipeline company’s stock, valued at approximately $1,833,000.

A number of other large investors have also recently bought and sold shares of KMI. Brighton Jones LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $308,000. Schnieders Capital Management LLC. grew its holdings in Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after buying an additional 7,081 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Kinder Morgan by 2.1% during the 2nd quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock valued at $7,964,000 after buying an additional 5,586 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in Kinder Morgan during the 2nd quarter valued at $1,168,000. Finally, Sei Investments Co. grew its holdings in Kinder Morgan by 20.4% during the 2nd quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock valued at $25,328,000 after buying an additional 145,806 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

KMI stock opened at $34.36 on Wednesday. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The stock’s fifty day simple moving average is $32.75 and its 200-day simple moving average is $30.09. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $76.44 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. The business had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $0.2975 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio is 79.87%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of analyst reports. Weiss Ratings upgraded Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Stifel Nicolaus increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th. Royal Bank Of Canada increased their target price on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. Citigroup raised their price objective on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Finally, Morgan Stanley raised their price objective on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $32.93, for a total value of $203,046.38. Following the completion of the transaction, the vice president directly owned 182,706 shares in the company, valued at $6,016,508.58. This trade represents a 3.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,148 shares of company stock worth $763,434 over the last ninety days. Corporate insiders own 12.72% of the company’s stock.

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.