Opal Capital LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 176,193 shares of the pipeline company’s stock, valued at approximately $4,845,000.
A number of other large investors also recently made changes to their positions in KMI. Norges Bank bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $1,132,125,000. AQR Capital Management LLC raised its position in Kinder Morgan by 431.9% in the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after acquiring an additional 5,333,986 shares during the period. Merewether Investment Management LP bought a new stake in Kinder Morgan in the second quarter worth about $138,477,000. Zimmer Partners LP raised its position in Kinder Morgan by 177.8% in the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after acquiring an additional 3,885,000 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Kinder Morgan in the fourth quarter worth about $85,364,000. 62.52% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have commented on KMI. UBS Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research report on Monday. Truist Financial began coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, March 13th. Royal Bank Of Canada lifted their price objective on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Finally, Jefferies Financial Group lowered their price objective on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Two investment 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. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $34.53.
Insider Activity
In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $32.93, for a total value of $203,046.38. Following the completion of the transaction, the vice president owned 182,706 shares in the company, valued at $6,016,508.58. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Kinder Morgan stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the transaction, the vice president owned 43,293 shares of the company’s stock, valued at $1,456,809.45. The trade was a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,598 shares of company stock valued at $700,474 in the last quarter. Corporate insiders own 12.72% of the company’s stock.
Kinder Morgan Price Performance
KMI opened at $31.41 on Wednesday. The company has a market capitalization of $69.88 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.62 and a beta of 0.54. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $32.21 and a 200-day moving average price of $30.84. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.10. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current year.
Kinder Morgan Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio is 79.87%.
Kinder Morgan 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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