Bokf Na Purchases 128,832 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Bokf Na increased its stake in Kinder Morgan by 61.4% in the fourth quarter, buying 128,832 shares to hold 338,504 shares valued at about $9.305 million.
• Kinder Morgan beat Q1 estimates with $0.48 EPS versus $0.38 expected and $4.83 billion in revenue versus $4.55 billion, and set FY2026 guidance at $1.36 EPS (analysts expect $1.48).
• The company raised its quarterly dividend to $0.2975 (annualized $1.19) for a ~3.8% yield, while the payout ratio stands around 79.9%.

Bokf Na grew its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 61.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338,504 shares of the pipeline company's stock after acquiring an additional 128,832 shares during the period. Bokf Na's holdings in Kinder Morgan were worth $9,305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Providence Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at approximately $2,674,000. Meixler Investment Management Ltd. acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at approximately $1,882,000. HighTower Advisors LLC raised its position in shares of Kinder Morgan by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company's stock valued at $34,874,000 after buying an additional 46,396 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its position in shares of Kinder Morgan by 15.6% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company's stock valued at $352,519,000 after buying an additional 1,682,241 shares in the last quarter. Finally, Cibc World Market Inc. raised its position in shares of Kinder Morgan by 12.9% in the 3rd quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company's stock valued at $24,605,000 after buying an additional 99,540 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KMI. Scotiabank upped their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 26th. TD Cowen upped their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Kinder Morgan from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of Kinder Morgan in a research report on Tuesday, April 21st. Finally, Freedom Capital upgraded shares of Kinder Morgan from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.20.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction 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 transaction, the vice president directly owned 44,843 shares of the company's stock, valued at $1,422,419.96. This represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Anthony B. Ashley sold 8,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the transaction, the vice president directly owned 100,146 shares in the company, valued at approximately $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 29,598 shares of company stock valued at $966,877. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Trading Down 2.2%

NYSE:KMI opened at $31.60 on Thursday. The firm's fifty day moving average is $32.85 and its 200-day moving average is $29.70. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.73. The firm has a market cap of $70.29 billion, a P/E ratio of 21.20, a P/E/G ratio of 2.78 and a beta of 0.56.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period in the prior year, the firm posted $0.34 EPS. The company's quarterly 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. Equities analysts expect that Kinder Morgan, Inc. will post 1.48 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be paid a $0.2975 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is currently 79.87%.

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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