Kinder Morgan, Inc. $KMI Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 7.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 797,706 shares of the pipeline company’s stock after purchasing an additional 58,280 shares during the quarter. Cohen & Steers Inc.’s holdings in Kinder Morgan were worth $21,929,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Kinder Morgan in the fourth quarter valued at about $1,132,125,000. AQR Capital Management LLC boosted its holdings in Kinder Morgan by 431.9% in the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock valued at $185,971,000 after purchasing an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP purchased a new position in Kinder Morgan in the second quarter valued at about $138,477,000. Zimmer Partners LP increased its holdings in Kinder Morgan by 177.8% in the third 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 last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Kinder Morgan in the fourth quarter valued at about $85,364,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $31.87 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The stock’s 50-day moving average is $32.28 and its two-hundred day moving average is $30.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The firm has a market cap of $70.91 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 2.61 and a beta of 0.54.

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

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.7%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio is 79.87%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KMI. Wells Fargo & Company upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Citigroup increased 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, Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.20.

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president directly owned 43,293 shares in the company, valued at $1,456,809.45. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Kinder Morgan stock in a transaction dated 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 owned 182,706 shares in the company, valued at $6,016,508.58. The trade was a 3.26% 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. Over the last 90 days, insiders have sold 23,148 shares of company stock worth $752,089. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Profile

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.