Vanguard Group Inc. Raises Stake in Kinder Morgan, Inc. $KMI

Vanguard Group Inc. boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,281,448 shares of the pipeline company's stock after acquiring an additional 2,165,130 shares during the period. Vanguard Group Inc. owned 9.45% of Kinder Morgan worth $5,780,637,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KMI. Board of the Pension Protection Fund bought a new stake in Kinder Morgan during the 4th quarter valued at about $27,000. Dorato Capital Management bought a new stake in Kinder Morgan during the 4th quarter valued at about $30,000. Strategic Advocates LLC bought a new stake in Kinder Morgan during the 3rd quarter valued at about $32,000. Lodestone Wealth Management LLC bought a new stake in Kinder Morgan during the 4th quarter valued at about $33,000. Finally, Private Wealth Management Group LLC increased its stake in Kinder Morgan by 94.9% during the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company's stock valued at $35,000 after purchasing an additional 595 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In related news, Director William A. Smith purchased 3,000 shares of the business's stock in a transaction dated Monday, February 2nd. The shares were purchased at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the acquisition, the director owned 31,087 shares in the company, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the transaction, the vice president owned 188,872 shares in the company, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 29,598 shares of company stock valued at $952,572. Company insiders own 12.72% of the company's stock.

Wall Street Analyst Weigh In

KMI has been the subject of a number of research analyst reports. Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an "outperform" rating in a research note on Thursday, March 5th. TD Cowen lifted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of Kinder Morgan in a report on Tuesday, April 21st. Jefferies Financial Group lowered their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, April 23rd. Finally, Citigroup boosted their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a "neutral" rating in a report on Monday, March 30th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $34.20.

Kinder Morgan Trading Down 2.3%

KMI stock opened at $31.01 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.73. The stock has a market capitalization of $68.98 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. The firm's fifty day simple moving average is $32.89 and its two-hundred day simple moving average is $29.53.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The business's revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.45 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a $0.2975 dividend. The ex-dividend date is Monday, May 4th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. 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 currently 78.52%.

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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