Kinder Morgan, Inc. $KMI Shares Bought by NEOS Investment Management LLC

Key Points

• NEOS Investment Management increased its Kinder Morgan stake by 48.8% in the second quarter, adding 556,249 shares to own 1.70 million shares valued at approximately $54.2 million. Institutional investors collectively own 62.52% of the company.
• Kinder Morgan reported quarterly earnings of $0.37 per share, beating estimates of $0.31, while revenue rose 10.8% year over year to $4.48 billion. The company also pays an annualized dividend of $1.19 per share, yielding about 3.8%.
• KMI shares opened at $31.61, below the analyst consensus price target of $35.50. Analysts’ consensus rating is “Hold,” with eight Buy ratings and ten Hold ratings.

NEOS Investment Management LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 48.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,696,619 shares of the pipeline company's stock after acquiring an additional 556,249 shares during the period. NEOS Investment Management LLC owned 0.08% of Kinder Morgan worth $54,241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $1,132,125,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Kinder Morgan in the second quarter valued at approximately $239,397,000. AQR Capital Management LLC lifted its stake in shares of Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company's stock valued at $185,971,000 after buying an additional 5,333,986 shares during the period. Merewether Investment Management LP purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $138,477,000. Finally, Zimmer Partners LP boosted its position in Kinder Morgan by 177.8% during the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company's stock worth $171,845,000 after acquiring an additional 3,885,000 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm'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 value of $48,732.00. Following the transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the transaction, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company's stock.

Kinder Morgan Stock Down 1.1%

Shares of NYSE KMI opened at $31.61 on Friday. The stock has a market capitalization of $70.39 billion, a PE ratio of 20.26, a P/E/G ratio of 2.26 and a beta of 0.56. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average of $31.98 and a 200-day moving average of $32.37. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, August 3rd. Kinder Morgan's dividend payout ratio (DPR) is 76.28%.

Analysts Set New Price Targets

Several analysts have commented on KMI shares. Zacks Research cut shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. UBS Group restated a "buy" rating and set a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Wells Fargo & Company lifted their price objective on Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Morgan Stanley set a $38.00 target price on Kinder Morgan in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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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