Kinder Morgan, Inc. $KMI Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking reduced its Kinder Morgan stake by 5% in the second quarter, selling 42,351 shares and retaining 806,833 shares valued at approximately $25.8 million.
• Kinder Morgan exceeded quarterly expectations, reporting $0.37 EPS versus the $0.31 consensus and $4.48 billion in revenue, up 10.8% year over year. The company also declared a $0.2975 quarterly dividend, representing a 3.6% yield.
• Institutional investors and hedge funds own 62.52% of the stock, while analysts maintain an overall “Hold” rating with a consensus price target of $35.50, compared with a recent price of $32.83.

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 806,833 shares of the pipeline company's stock after selling 42,351 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Kinder Morgan were worth $25,794,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new position in Kinder Morgan in the fourth quarter valued at $1,132,125,000. AQR Capital Management LLC increased its holdings in Kinder Morgan by 431.9% during the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company's stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the period. Merewether Investment Management LP purchased a new stake in Kinder Morgan during the 2nd quarter worth about $138,477,000. Zimmer Partners LP raised its position in Kinder Morgan by 177.8% in the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company's stock valued at $171,845,000 after purchasing an additional 3,885,000 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $85,364,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $32.83 on Monday. The stock's 50-day simple moving average is $31.99 and its 200-day simple moving average is $32.26. The firm has a market capitalization of $73.09 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. 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 (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, August 3rd. Kinder Morgan's payout ratio is currently 76.28%.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value 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 represents a 3.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction 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 directly owned 41,743 shares in the company, valued at $1,312,399.92. This trade represents a 3.58% 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. In the last 90 days, insiders sold 13,882 shares of company stock valued at $441,691. Company insiders own 12.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wolfe Research downgraded Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Zacks Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Weiss Ratings lowered shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, June 23rd. Finally, Citigroup reaffirmed a "neutral" rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan presently has an average rating of "Hold" and a consensus price target of $35.50.

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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