Nan Shan Life Insurance Co. Ltd. Has $77.08 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Nan Shan Life Insurance increased its Kinder Morgan stake by 317.7% in the second quarter, purchasing 1.83 million additional shares. Its 2.41 million shares were valued at approximately $77.1 million, while institutional investors collectively owned 62.52% of KMI.
• Kinder Morgan reported quarterly EPS of $0.37, 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 3.7%.
• Analyst sentiment remains mixed, with eight Buy ratings and ten Holds producing a consensus Hold rating and an average price target of $35.50, compared with the stock’s reported price of $32.13.

Nan Shan Life Insurance Co. Ltd. raised its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 317.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,410,871 shares of the pipeline company's stock after acquiring an additional 1,833,628 shares during the period. Kinder Morgan comprises 2.5% of Nan Shan Life Insurance Co. Ltd.'s holdings, making the stock its 12th biggest holding. Nan Shan Life Insurance Co. Ltd. owned approximately 0.11% of Kinder Morgan worth $77,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMI. Klingman & Associates LLC lifted its stake in shares of Kinder Morgan by 3.9% in the 1st quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company's stock valued at $285,000 after acquiring an additional 319 shares during the last quarter. TD Capital Management LLC increased its position in Kinder Morgan by 36.0% in the 4th quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company's stock valued at $34,000 after acquiring an additional 323 shares during the period. Transamerica Financial Advisors LLC increased its holdings in Kinder Morgan by 72.9% in the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 328 shares during the period. Loomis Sayles & Co. L P grew its stake in Kinder Morgan by 13.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company's stock worth $79,000 after purchasing an additional 329 shares during the period. Finally, Abel Hall LLC increased its stake in Kinder Morgan by 4.0% in the first quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company's stock valued at $288,000 after purchasing an additional 330 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

KMI stock opened at $32.13 on Wednesday. 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 market cap of $71.55 billion, a PE ratio of 20.60, a P/E/G ratio of 2.52 and a beta of 0.56. The business has a 50 day moving average of $32.02 and a 200-day moving average of $32.38. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. The firm had revenue of $4.48 billion during 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 was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan's dividend payout ratio is currently 76.28%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the sale, the vice president directly owned 164,208 shares of the company's stock, valued at $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 stock was 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 of the company's stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. 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 have sold 13,882 shares of company stock valued at $441,691. 12.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. The Goldman Sachs Group restated a "buy" rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Jefferies Financial Group reiterated a "hold" rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Weiss Ratings downgraded shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, June 23rd. UBS Group reaffirmed a "buy" rating and issued a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Finally, Citigroup restated a "neutral" rating on shares of Kinder Morgan in a 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, the company currently has a consensus rating of "Hold" and an average target price 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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