Kinder Morgan, Inc. $KMI Shares Purchased by Mather Group LLC.

Mather Group LLC. raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 83.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 233,326 shares of the pipeline company’s stock after acquiring an additional 105,824 shares during the quarter. Mather Group LLC.’s holdings in Kinder Morgan were worth $7,035,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board acquired a new position in shares of Kinder Morgan during the 2nd quarter worth about $239,397,000. State Street Corp raised its holdings in shares of Kinder Morgan by 4.3% in the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after purchasing an additional 5,361,578 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Kinder Morgan by 220.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,915,696 shares of the pipeline company’s stock valued at $125,185,000 after purchasing an additional 2,695,654 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Kinder Morgan by 253.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,994,968 shares of the pipeline company’s stock valued at $100,421,000 after purchasing an additional 2,146,573 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Kinder Morgan by 1.1% in the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after purchasing an additional 1,875,143 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 1.5%

KMI stock opened at $32.86 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The company has a fifty day moving average price of $31.63 and a two-hundred day moving average price of $32.02. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The stock has a market cap of $73.16 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s payout ratio is presently 76.28%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KMI. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Melius Research initiated coverage on Kinder Morgan in a research report on Tuesday, September 22nd. They set a “buy” rating and a $38.00 price target on the stock. Argus upped their price objective on Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Capital One Financial assumed coverage on Kinder Morgan in a research note on Tuesday, September 22nd. They issued an “equal weight” rating and a $36.00 price objective on the stock. Finally, Morgan Stanley set a $33.00 price objective on Kinder Morgan in a research report on Thursday, September 17th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.47.

Insider Buying and Selling

In related news, VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the transaction, the vice president owned 48,863 shares in the company, valued at approximately $1,504,980.40. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.