National Pension Service Acquires 61,443 Shares of Kinder Morgan, Inc. $KMI

Key Points

• National Pension Service increased its Kinder Morgan stake by 2.1%, purchasing 61,443 shares and bringing its holdings to 3.05 million shares valued at approximately $97.4 million. Institutional investors and hedge funds collectively own 62.52% of the company.
• 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 maintains a quarterly dividend of $0.2975, equivalent to a 3.8% annual yield.
• Analyst sentiment remains mixed, with eight Buy ratings and ten Hold ratings; the stock has a consensus rating of Hold and an average price target of $35.67, compared with a recent price of $30.99.

National Pension Service lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,047,059 shares of the pipeline company's stock after purchasing an additional 61,443 shares during the quarter. National Pension Service owned 0.14% of Kinder Morgan worth $97,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. California State Teachers Retirement System lifted its position in Kinder Morgan by 4,591.3% during the 2nd quarter. California State Teachers Retirement System now owns 108,532,044 shares of the pipeline company's stock worth $3,394,809,000 after buying an additional 106,218,591 shares in the last quarter. Norges Bank bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $1,132,125,000. Ontario Teachers Pension Plan Board bought a new position in shares of Kinder Morgan in the 2nd quarter valued at about $239,397,000. AQR Capital Management LLC increased its position in shares of Kinder Morgan by 431.9% in 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 acquiring an additional 5,333,986 shares during the last quarter. Finally, Merewether Investment Management LP bought a new stake in Kinder Morgan during the second quarter worth about $138,477,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, VP John Schlosser sold 6,166 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the transaction, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. The trade was a 3.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Garthwaite sold 1,550 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president directly owned 41,743 shares of the company's stock, valued at approximately $1,312,399.92. This trade represents a 3.58% 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. 12.72% of the stock is owned by insiders.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $30.99 on Friday. 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 stock has a market capitalization of $69.01 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.22 and a beta of 0.56. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a 50-day simple moving average of $31.91 and a two-hundred day simple moving average of $32.34.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a $0.2975 dividend. The ex-dividend date 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 (DPR) is presently 76.28%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Zacks Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Stifel Nicolaus initiated coverage on shares of Kinder Morgan in a research note on Wednesday. They set a "hold" rating and a $35.00 price objective on the stock. Finally, UBS Group reaffirmed a "buy" rating and issued 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 issued a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of "Hold" and a consensus target price of $35.67.

About Kinder Morgan

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company's natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.

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