Nykredit A S Makes New Investment in Kinder Morgan, Inc. $KMI

Key Points

• Nykredit A/S initiated a position in Kinder Morgan, purchasing 150,854 shares valued at approximately $4.8 million. Institutional investors collectively own 62.52% of KMI’s outstanding shares.
• Kinder Morgan reported quarterly EPS of $0.37, exceeding the $0.31 consensus estimate, while revenue rose 10.8% year over year to $4.48 billion.
• The company paid a quarterly dividend of $0.2975 per share, equivalent to an annualized $1.19 dividend and a 3.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $35.45.

Nykredit A S acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 150,854 shares of the pipeline company's stock, valued at approximately $4,823,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KMI. BlackRock Inc. increased its holdings in Kinder Morgan by 1.1% during the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company's stock worth $5,621,421,000 after buying an additional 1,875,143 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Kinder Morgan by 1.4% in the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company's stock worth $2,079,477,000 after acquiring an additional 836,571 shares during the period. Norges Bank bought a new stake in shares of Kinder Morgan during the fourth quarter valued at about $1,132,125,000. Dimensional Fund Advisors LP raised its position in shares of Kinder Morgan by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company's stock worth $577,998,000 after buying an additional 448,130 shares in the last quarter. Finally, Amundi lifted its position in Kinder Morgan by 5.8% during the first quarter. Amundi now owns 15,130,700 shares of the pipeline company's stock valued at $507,332,000 after purchasing an additional 831,125 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $31.73 on Tuesday. 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. The company has a 50 day moving average price of $31.76 and a 200-day moving average price of $32.24. The company has a market capitalization of $70.66 billion, a PE ratio of 20.34, a P/E/G ratio of 2.24 and a beta of 0.56.

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. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the company posted $0.28 EPS. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a dividend of $0.2975 per share. 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 is presently 76.28%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KMI. Jefferies Financial Group dropped their price target on shares of Kinder Morgan from $35.00 to $33.00 and set a "hold" rating for the company in a research report on Thursday. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Stifel Nicolaus began coverage on shares of Kinder Morgan in a research report on Wednesday, September 9th. They issued a "hold" rating and a $35.00 price target for the company. Finally, Zacks Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $35.45.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. The trade was a 3.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total transaction of $47,740.00. Following the completion of the transaction, the vice president directly owned 48,863 shares in the company, valued at $1,504,980.40. This represents a 3.07% 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. Corporate insiders own 12.72% of the company's stock.

Kinder Morgan Profile

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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