Aigen Investment Management LP Takes Position in Kinder Morgan, Inc. $KMI

Key Points

• Aigen Investment Management LP disclosed a new fourth-quarter position in Kinder Morgan, buying 137,149 shares worth about $3.77 million. The stake represents roughly 0.9% of Aigen’s portfolio and its 13th-largest holding.
• Kinder Morgan’s recent quarterly results beat expectations, with earnings per share of $0.48 versus the $0.38 consensus and revenue of $4.83 billion, up 13.8% year over year. The company also raised its dividend to $0.2975 per share, implying a 3.7% yield.
• Analyst sentiment is mixed but generally constructive: the stock holds a Moderate Buy average rating with a $34.20 price target. Recent actions included both upgrades and downgrades, while insider selling has continued under pre-arranged trading plans.

Aigen Investment Management LP acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 137,149 shares of the pipeline company's stock, valued at approximately $3,770,000. Kinder Morgan comprises about 0.9% of Aigen Investment Management LP's investment portfolio, making the stock its 13th biggest position.

Other institutional investors also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $27,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $28,000. Dorato Capital Management bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $30,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $30,000. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KMI. Scotiabank upped their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a "sector perform" rating in a research note on Thursday, March 26th. Wolfe Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Morgan Stanley boosted their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 3rd. Weiss Ratings upgraded shares of Kinder Morgan from a "buy (b)" rating to a "buy (a-)" rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded shares of Kinder Morgan from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.20.

Kinder Morgan Stock Performance

KMI opened at $31.87 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The company's fifty day moving average price is $32.28 and its two-hundred day moving average price is $30.75. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The company has a market cap of $70.91 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 2.66 and a beta of 0.54.

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

Kinder Morgan Increases Dividend

The firm also recently disclosed 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. The ex-dividend date 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 yield of 3.7%. Kinder Morgan's dividend payout ratio is currently 79.87%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the company's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president owned 43,293 shares in the company, valued at approximately $1,456,809.45. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction on Monday, April 6th. The stock was sold at an average price of $32.93, for a total transaction of $203,046.38. Following the transaction, the vice president owned 182,706 shares in the company, valued at approximately $6,016,508.58. The trade was a 3.26% decrease in their position. 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. In 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.

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.

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