Kinder Morgan, Inc. $KMI Shares Purchased by USS Investment Management Ltd

USS Investment Management Ltd raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 10.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 421,306 shares of the pipeline company’s stock after acquiring an additional 39,418 shares during the period. USS Investment Management Ltd’s holdings in Kinder Morgan were worth $14,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $1,132,125,000. AQR Capital Management LLC increased its position in Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $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 during the second quarter worth approximately $138,477,000. Zimmer Partners LP raised its stake in Kinder Morgan by 177.8% during the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after purchasing an additional 3,885,000 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $85,364,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the completion of the transaction, the vice president owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. The trade was a 3.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,148 shares of company stock valued at $749,206 over the last quarter. Insiders own 12.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KMI shares. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Citigroup lifted their target price on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Wells Fargo & Company boosted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Scotiabank raised their price objective on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Finally, Truist Financial assumed coverage on Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan has an average rating of “Hold” and an average target price of $34.71.

Kinder Morgan Stock Performance

Shares of KMI opened at $31.69 on Thursday. The firm has a market cap of $70.51 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.66 and a beta of 0.54. 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 business’s 50 day moving average is $32.17 and its two-hundred day moving average is $31.23. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81.

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

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio is 79.87%.

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.