Kinder Morgan, Inc. $KMI Stock Holdings Increased by Fifth Third Bancorp

Fifth Third Bancorp lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 519.6% during the first quarter, Holdings Channel.com reports. The firm owned 649,435 shares of the pipeline company’s stock after acquiring an additional 544,617 shares during the period. Fifth Third Bancorp’s holdings in Kinder Morgan were worth $21,776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of KMI. Board of the Pension Protection Fund acquired a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Acumen Wealth Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $28,000. Dorato Capital Management bought a new stake in Kinder Morgan during the fourth quarter worth approximately $30,000. Finally, Basepoint Wealth LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.4%

NYSE:KMI opened at $32.26 on Tuesday. The stock has a market cap of $71.76 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.67 and a beta of 0.54. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The stock’s 50-day moving average is $32.23 and its two-hundred day moving average is $31.54.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the previous year, the company posted $0.34 EPS. Kinder Morgan’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. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.49 earnings per share 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 dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is currently 79.87%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KMI shares. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Jefferies Financial Group cut their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. UBS Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Citigroup increased their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Finally, Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Eight investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.71.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the sale, the vice president directly owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. This trade represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value 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. This represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,148 shares of company stock worth $742,855 over the last three months. 12.72% of the stock is owned by company 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.