Public Employees Retirement System of Ohio Increases Position in Kinder Morgan, Inc. $KMI

Key Points

• The Public Employees Retirement System of Ohio increased its investment in Kinder Morgan, Inc. by 4.5% in the second quarter, bringing its total holdings to over $30 million.
• Various institutional investors have significantly boosted their stakes in Kinder Morgan, with increases such as 927.1% by Sierra Ocean LLC and 669.2% by JNBA Financial Advisors during the first quarter.
• Analysts have revised price targets for Kinder Morgan, with Morgan Stanley and JPMorgan setting a target of $32.00, while Wells Fargo raised its target to $34.00 and gives the stock an "overweight" rating.

Public Employees Retirement System of Ohio lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,039,834 shares of the pipeline company's stock after buying an additional 45,253 shares during the period. Public Employees Retirement System of Ohio's holdings in Kinder Morgan were worth $30,571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC lifted its stake in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after buying an additional 788 shares during the period. JNBA Financial Advisors lifted its stake in shares of Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after buying an additional 870 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $29,000. Cranbrook Wealth Management LLC lifted its stake in shares of Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock valued at $31,000 after buying an additional 562 shares during the period. Finally, Grove Bank & Trust raised its stake in Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock worth $32,000 after purchasing an additional 1,078 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KMI shares. Morgan Stanley set a $32.00 price target on shares of Kinder Morgan in a research note on Thursday, September 18th. JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. Finally, Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Friday, July 25th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.06.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,759 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average cost of $27.21 per share, with a total value of $75,072.39. Following the acquisition, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.82 on Thursday. The company's fifty day simple moving average is $27.13 and its 200-day simple moving average is $27.40. Kinder Morgan, Inc. has a 52 week low of $21.61 and a 52 week high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a market cap of $61.82 billion, a PE ratio of 22.80, a P/E/G ratio of 3.22 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the firm posted $0.26 EPS. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.

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