Danske Bank A S Takes $3.32 Million Position in Kinder Morgan, Inc. $KMI

Danske Bank A S purchased a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 103,984 shares of the pipeline company's stock, valued at approximately $3,324,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evolution Wealth Management Inc. increased its stake in Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock worth $25,000 after acquiring an additional 750 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in Kinder Morgan in the first quarter worth $28,000. Bell Investment Advisors Inc raised its holdings in shares of Kinder Morgan by 112.1% in the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company's stock worth $30,000 after buying an additional 500 shares during the last quarter. Commonwealth Retirement Investments LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $27,000. Finally, First Pacific Financial raised its position in Kinder Morgan by 9,900.0% during the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company's stock worth $34,000 after buying an additional 990 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of KMI opened at $30.99 on Friday. The company has a market capitalization of $69.01 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.47 and a beta of 0.54. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company's 50 day simple moving average is $32.03 and its 200 day simple moving average is $32.31.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. Kinder Morgan's dividend payout ratio is currently 76.28%.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the company's 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 completion of the transaction, the vice president owned 41,743 shares of the company's stock, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Kinder Morgan stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president owned 170,374 shares in the company, valued at approximately $5,423,004.42. This trade represents a 3.49% 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. Over the last quarter, insiders have sold 13,882 shares of company stock worth $441,691. Insiders own 12.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KMI. Weiss Ratings downgraded Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, June 23rd. Zacks Research cut Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Wells Fargo & Company increased their price objective on Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. The Goldman Sachs Group restated a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Finally, UBS Group reaffirmed a "buy" rating and set a $43.00 target price on shares of Kinder Morgan in a report on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of "Hold" and an average price target of $35.50.

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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