Saudi Central Bank raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 79.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 132,376 shares of the pipeline company's stock after acquiring an additional 58,469 shares during the quarter. Saudi Central Bank's holdings in Kinder Morgan were worth $4,232,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Partners Group Holding AG boosted its holdings in shares of Kinder Morgan by 45.0% in the 4th quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company's stock worth $8,020,000 after acquiring an additional 90,593 shares in the last quarter. GSA Capital Partners LLP raised its position in Kinder Morgan by 152.2% in the 4th quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company's stock valued at $1,503,000 after purchasing an additional 32,998 shares during the last quarter. OP Asset Management Ltd acquired a new position in Kinder Morgan in the first quarter worth $6,412,000. USS Investment Management Ltd boosted its stake in Kinder Morgan by 10.3% in the first quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company's stock worth $14,116,000 after purchasing an additional 39,418 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Kinder Morgan by 8.8% during the fourth quarter. Cerity Partners LLC now owns 1,056,258 shares of the pipeline company's stock worth $29,037,000 after purchasing an additional 85,625 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. UBS Group reaffirmed a "buy" rating and issued a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Morgan Stanley set a $38.00 target price on shares of Kinder Morgan in a research note on Wednesday, July 29th. Citigroup reiterated a "neutral" rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Zacks Research lowered shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of "Hold" and a consensus target price of $35.50.
Read Our Latest Research Report on Kinder Morgan
Kinder Morgan Price Performance
Shares of KMI stock opened at $31.42 on Monday. The stock has a 50-day moving average price of $31.95 and a 200 day moving average price of $32.37. 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 $69.97 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.22 and a beta of 0.56. 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 released its 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 company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company's 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 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current year.
Kinder Morgan Announces Dividend
The firm also recently declared 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 of this dividend was Monday, August 3rd. Kinder Morgan's payout ratio is 76.28%.
Insider Activity at Kinder Morgan
In related news, VP John Schlosser sold 6,166 shares of the 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 transaction, the vice president directly owned 164,208 shares in the company, valued at $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a 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 Garthwaite sold 1,550 shares of the firm's stock in a transaction that occurred 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 approximately $1,312,399.92. The trade was 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. Corporate insiders own 12.72% of the company's stock.
Kinder Morgan Profile
(
Free Report)
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.
See Also
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