7,488,168 Shares in Kinder Morgan, Inc. $KMI Bought by Ontario Teachers Pension Plan Board

Key Points

• Ontario Teachers’ Pension Plan Board acquired 7.49 million Kinder Morgan shares worth approximately $239.4 million, making KMI its eighth-largest holding and representing a 0.34% stake in the company.
• Kinder Morgan reported quarterly EPS of $0.37, exceeding the $0.31 consensus estimate, while revenue rose 10.8% year over year to $4.48 billion.
• The company maintains a quarterly dividend of $0.2975 per share, equivalent to an annualized $1.19 payout and a 3.6% yield. Analysts’ consensus rating is Hold, with an average price target of $35.50.

Ontario Teachers Pension Plan Board bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,488,168 shares of the pipeline company's stock, valued at approximately $239,397,000. Kinder Morgan makes up approximately 1.5% of Ontario Teachers Pension Plan Board's holdings, making the stock its 8th biggest holding. Ontario Teachers Pension Plan Board owned 0.34% of Kinder Morgan as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Energy Income Partners LLC grew its stake in shares of Kinder Morgan by 1.3% during the second quarter. Energy Income Partners LLC now owns 7,534,321 shares of the pipeline company's stock worth $240,872,000 after buying an additional 99,145 shares during the last quarter. Meeder Advisory Services Inc. grew its position in Kinder Morgan by 13.2% during the 2nd quarter. Meeder Advisory Services Inc. now owns 42,303 shares of the pipeline company's stock worth $1,352,000 after acquiring an additional 4,918 shares during the last quarter. Meeder Asset Management Inc. raised its position in Kinder Morgan by 30.3% in the second quarter. Meeder Asset Management Inc. now owns 1,541 shares of the pipeline company's stock valued at $49,000 after purchasing an additional 358 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of Kinder Morgan by 1.5% during the second quarter. Citizens Financial Group Inc. RI now owns 484,651 shares of the pipeline company's stock worth $15,494,000 after purchasing an additional 7,215 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp grew its holdings in shares of Kinder Morgan by 3.2% during the second quarter. UNIVEST FINANCIAL Corp now owns 35,478 shares of the pipeline company's stock worth $1,134,000 after purchasing an additional 1,085 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the sale, the vice president owned 170,374 shares of the company's stock, valued at approximately $5,423,004.42. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred 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 transaction, the vice president directly owned 41,743 shares of the company's stock, valued at $1,312,399.92. This 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. Insiders sold a total of 13,882 shares of company stock worth $441,691 over the last three months. 12.72% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on KMI. Morgan Stanley set a $38.00 price target on shares of Kinder Morgan in a research report on Wednesday, July 29th. Wolfe Research lowered Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Jefferies Financial Group reissued a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Wells Fargo & Company lifted their price objective on Kinder Morgan from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Finally, Citigroup reissued a "neutral" rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $35.50.

Kinder Morgan Trading Up 1.8%

Shares of KMI stock opened at $32.90 on Wednesday. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The company has a 50-day simple moving average of $32.04 and a two-hundred day simple moving average of $32.30. The company has a market capitalization of $73.27 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.57 and a beta of 0.54.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, August 3rd. Kinder Morgan's payout ratio is presently 76.28%.

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.

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