Alberta Investment Management Corp purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 440,907 shares of the pipeline company’s stock, valued at approximately $12,121,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Board of the Pension Protection Fund bought a new stake in Kinder Morgan during the 4th quarter worth approximately $27,000. Commonwealth Retirement Investments LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $27,000. Acumen Wealth Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $28,000. Dorato Capital Management bought a new stake in Kinder Morgan during the 4th quarter worth approximately $30,000. Finally, Basepoint Wealth LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $30,000. 62.52% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
KMI has been the subject of a number of research reports. Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. UBS Group reissued a “buy” rating and set a $43.00 target price on shares of Kinder Morgan in a research note on Monday. Citigroup increased their target price on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Finally, Zacks Research raised Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.53.
Kinder Morgan Stock Performance
Shares of KMI opened at $31.43 on Tuesday. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The firm has a fifty day simple moving average of $32.25 and a 200 day simple moving average of $30.81. The stock has a market capitalization of $69.93 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.66 and a beta of 0.54. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92.
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.
Kinder Morgan Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, May 4th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is currently 79.87%.
Insider Activity at Kinder Morgan
In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the sale, the vice president owned 43,293 shares of the company’s stock, valued at approximately $1,456,809.45. This represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the sale, the vice president directly owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. The trade was a 3.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,598 shares of company stock valued at $700,474. 12.72% of the stock is currently owned by insiders.
About Kinder Morgan
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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