Bessemer Group Inc. Buys 1,055,255 Shares of Kinder Morgan, Inc. $KMI

Bessemer Group Inc. boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 18.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,751,400 shares of the pipeline company’s stock after buying an additional 1,055,255 shares during the quarter. Bessemer Group Inc.’s holdings in Kinder Morgan were worth $226,375,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Kinder Morgan by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock worth $5,780,637,000 after acquiring an additional 2,165,130 shares during the period. State Street Corp lifted its stake in shares of Kinder Morgan by 2.2% in the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock valued at $3,212,490,000 after purchasing an additional 2,510,601 shares during the period. Norges Bank bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $1,132,125,000. Charles Schwab Investment Management Inc. boosted its position in shares of Kinder Morgan by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company’s stock valued at $827,582,000 after purchasing an additional 195,088 shares in the last quarter. Finally, Orbis Allan Gray Ltd grew its stake in Kinder Morgan by 3.1% in the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after purchasing an additional 670,856 shares during the period. 62.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KMI shares. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Citigroup increased their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, March 30th. Finally, UBS Group reissued a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.71.

Kinder Morgan Stock Up 1.0%

Shares of NYSE:KMI opened at $32.51 on Friday. The stock has a fifty day simple moving average of $32.27 and a two-hundred day simple moving average of $31.65. The stock has a market capitalization of $72.32 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.68 and a beta of 0.54. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. 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) last released 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 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 the consensus estimate of $4.55 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter 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. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is presently 79.87%.

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Tuesday, June 16th. The shares were 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 of the company’s stock, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the transaction, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their position. 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 have sold a total of 21,598 shares of company stock worth $693,689 over the last three months. 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.