ASR Vermogensbeheer N.V. Invests $14.79 Million in Kinder Morgan, Inc. $KMI

Key Points

• ASR Vermogensbeheer N.V. disclosed a new fourth-quarter stake in Kinder Morgan, buying 537,842 shares valued at about $14.79 million.
• Kinder Morgan reported strong quarterly results, with EPS of $0.48 versus $0.38 expected and revenue of $4.83 billion, while also raising its quarterly dividend to $0.2975 per share from $0.29.
• Analyst sentiment is mixed but generally constructive: the stock carries a Moderate Buy consensus with a target price of $34.20, though one recent analyst cut the rating to hold while others lifted price targets or maintained overweight views.

ASR Vermogensbeheer N.V. acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 537,842 shares of the pipeline company's stock, valued at approximately $14,785,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $308,000. Schnieders Capital Management LLC. raised its holdings in shares of Kinder Morgan by 11.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company's stock valued at $2,042,000 after purchasing an additional 7,081 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Kinder Morgan by 2.1% during the 2nd quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company's stock worth $7,964,000 after purchasing an additional 5,586 shares during the last quarter. Nebula Research & Development LLC acquired a new position in shares of Kinder Morgan during the second quarter worth $1,168,000. Finally, Sei Investments Co. increased its holdings in Kinder Morgan by 20.4% in the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company's stock valued at $25,328,000 after buying an additional 145,806 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $31.36 on Friday. The firm has a market capitalization of $69.77 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. 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 business's 50 day simple moving average is $32.82 and its 200-day simple moving average is $29.73. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.73.

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

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be issued a dividend of $0.2975 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Monday, May 4th. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan's payout ratio is 79.87%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, March 13th. Scotiabank raised their target price on Kinder Morgan from $31.00 to $32.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 26th. Weiss Ratings upgraded Kinder Morgan from a "buy (b)" rating to a "buy (a-)" rating in a research note on Monday. Barclays reaffirmed an "overweight" rating on shares of Kinder Morgan in a report on Friday, February 20th. Finally, Wolfe Research cut shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.20.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the transaction, the vice president owned 188,872 shares in the company, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $31.72, for a total transaction of $49,166.00. Following the completion of the sale, the vice president owned 44,843 shares in the company, valued at $1,422,419.96. This represents a 3.34% 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 sold 29,598 shares of company stock worth $966,877. 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.

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