Kinder Morgan, Inc. $KMI Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco increased its Kinder Morgan stake by 18.9% in the third quarter, adding 309,894 shares to own 1.95 million shares valued at approximately $58.9 million. Institutional investors collectively hold 62.52% of KMI’s stock.
• Kinder Morgan reported a third-quarter earnings beat, with adjusted EPS of $0.35 versus $0.33 expected and revenue up 9.3% year over year to $4.53 billion. The company also expanded its backlog to a record $14.4 billion, including approximately $4.7 billion in new gas pipeline projects.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $36.55 price target, while Kinder Morgan declared a quarterly dividend of $0.2975 per share, or $1.19 annualized.

Robeco Institutional Asset Management B.V. increased its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,952,885 shares of the pipeline company's stock after purchasing an additional 309,894 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of Kinder Morgan worth $58,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KMI. OP Asset Management Ltd bought a new stake in Kinder Morgan in the first quarter valued at $6,412,000. USS Investment Management Ltd grew its position in shares of Kinder Morgan by 10.3% during the first quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company's stock worth $14,116,000 after acquiring an additional 39,418 shares during the last quarter. Oak Family Advisors LLC bought a new position in shares of Kinder Morgan during the second quarter worth about $3,627,000. International Assets Investment Management LLC bought a new position in shares of Kinder Morgan during the first quarter worth about $3,406,000. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Kinder Morgan in the 1st quarter worth about $3,075,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Key Stories Impacting Kinder Morgan

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: Q3 earnings beat expectations: Kinder Morgan reported adjusted EPS of $0.35 versus the $0.33 consensus estimate, while revenue rose 9.3% year over year to $4.53 billion, above the $4.37 billion forecast. Strength in natural-gas volumes and record EBITDA supported the results. KMI Q3 Earnings Beat Estimates on Natural Gas Pipeline Strength
• Positive Sentiment: Record backlog improves the growth outlook: The company added $5.4 billion to its expansion backlog, bringing the total to a record $14.4 billion. Rising demand from data centers, power generation and LNG exports is driving new natural-gas infrastructure opportunities. Kinder Morgan also reached final investment decisions on two projects requiring approximately $4.7 billion of investment. Kinder Morgan to invest $4.7 billion in two gas pipeline projects as demand surges
• Positive Sentiment: Analyst sentiment improved: Freedom Broker upgraded KMI from “hold” to “buy” and raised its price target to $39 from $34. Mizuho also increased its target to $39 and maintained an “outperform” rating, while other analysts reportedly lifted targets into the $37-$40 range. Kinder Morgan Analysts Boost Their Forecasts Following Upbeat Q3 Earnings
• Positive Sentiment: Dividend supports income appeal: Kinder Morgan declared a quarterly dividend of $0.2975 per share, or $1.19 annualized, representing a yield of approximately 3.6% based on the supplied stock price.
• Neutral Sentiment: Mixed guidance signal: Although the company affirmed its full-year outlook, its expected 2026 adjusted EPS of $1.36 is below the FactSet estimate of $1.54, creating a valuation and execution concern despite the stronger backlog.
• Neutral Sentiment: Insider transaction: A vice president sold $52,157.50 of stock under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled sale is unlikely to materially change the investment case.

Insider Transactions at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president directly owned 47,313 shares in the company, valued at approximately $1,592,082.45. This trade represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company's stock.

Analyst Ratings Changes

KMI has been the topic of several recent research reports. Mizuho lifted their price objective on shares of Kinder Morgan from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday. Argus upped their target price on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Jefferies Financial Group raised their price target on shares of Kinder Morgan from $33.00 to $37.00 and gave the company a "hold" rating in a research note on Thursday. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Tuesday, September 22nd. Finally, Wells Fargo & Company lifted their price target on Kinder Morgan from $36.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday. Twelve investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.55.

Kinder Morgan Trading Down 0.9%

Shares of NYSE:KMI opened at $33.68 on Friday. The company has a 50 day moving average of $31.85 and a 200-day moving average of $32.04. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The firm has a market cap of $74.99 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.39 and a beta of 0.59. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.85%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter last year, the business earned $0.29 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.56 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 2nd. Kinder Morgan's dividend payout ratio (DPR) is presently 76.28%.

About Kinder Morgan

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company's natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.

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