Principal Financial Group Inc. Sells 523,365 Shares of Kinder Morgan, Inc. $KMI

Principal Financial Group Inc. lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 18.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,372,793 shares of the pipeline company’s stock after selling 523,365 shares during the quarter. Principal Financial Group Inc.’s holdings in Kinder Morgan were worth $75,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Fox Run Management L.L.C. bought a new position in shares of Kinder Morgan during the second quarter valued at about $1,912,000. Choreo LLC raised its holdings in Kinder Morgan by 4.4% in the second quarter. Choreo LLC now owns 69,359 shares of the pipeline company’s stock worth $2,217,000 after purchasing an additional 2,893 shares in the last quarter. Archer Investment Corp increased its stake in shares of Kinder Morgan by 1.0% in the 2nd quarter. Archer Investment Corp now owns 37,614 shares of the pipeline company’s stock worth $1,203,000 after acquiring an additional 373 shares in the last quarter. Qsemble Capital Management LP purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $1,847,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in Kinder Morgan during the second quarter valued at $1,008,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

KMI opened at $32.83 on Friday. The firm’s 50-day moving average price is $31.99 and its 200-day moving average price is $32.24. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The company has a market cap of $73.09 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.64 and a beta of 0.54.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

Analyst Ratings Changes

A number of research firms have commented on KMI. Citigroup reissued a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.50.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $31.83, for a total value of $196,263.78. Following the transaction, the vice president owned 170,374 shares of the company’s stock, valued at $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% 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 quarter, insiders have sold 15,432 shares of company stock valued at $493,849. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Company 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.