Randolph Co Inc Makes New $34.58 Million Investment in Kinder Morgan, Inc. $KMI

Randolph Co Inc purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,146,866 shares of the pipeline company’s stock, valued at approximately $34,578,000. Kinder Morgan comprises 2.7% of Randolph Co Inc’s holdings, making the stock its 16th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMI. USS Investment Management Ltd increased its position in Kinder Morgan by 10.3% in the 1st quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company’s stock worth $14,116,000 after buying an additional 39,418 shares during the period. Oak Family Advisors LLC acquired a new position in shares of Kinder Morgan during the second quarter worth approximately $3,627,000. International Assets Investment Management LLC acquired a new position in shares of Kinder Morgan during the first quarter worth approximately $3,406,000. State Street Corp boosted its position in shares of Kinder Morgan by 4.3% in the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after acquiring an additional 5,361,578 shares during the period. Finally, iA Global Asset Management Inc. bought a new stake in shares of Kinder Morgan in the first quarter valued at approximately $3,075,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KMI shares. Citigroup boosted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday. TD Cowen increased their price target on shares of Kinder Morgan from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday. Argus increased their price target on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Mizuho boosted their price objective on shares of Kinder Morgan from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.60.

Kinder Morgan Trading Up 0.1%

Kinder Morgan stock opened at $34.47 on Monday. The business has a 50 day moving average price of $31.88 and a two-hundred day moving average price of $32.05. The company has a quick ratio of 0.36, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The stock has a market cap of $76.77 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the company earned $0.29 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.60 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s dividend payout ratio is presently 73.46%.

Kinder Morgan News Roundup

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: Strong Q3 performance: Kinder Morgan reported $4.53 billion in revenue, up approximately 9% year over year, and adjusted EPS of $0.35 versus the $0.33 consensus estimate. Natural-gas volumes, record EBITDA and higher earnings supported investor confidence. Kinder Morgan Q3 earnings report
• Positive Sentiment: Major growth investments: KMI approved approximately $4.7 billion for the Southeast Connector and Permian Link natural-gas pipeline projects. The projects are expected to benefit from rising demand tied to data centers, power generation and LNG exports. The company also added $5.4 billion to its expansion backlog, bringing the total backlog to a record $14.4 billion. Kinder Morgan pipeline investment report
• Positive Sentiment: Analyst support and income: Freedom Broker upgraded KMI to “buy” with a $39 price target, while Mizuho raised its target to $39 and kept an “outperform” rating. Kinder Morgan also declared a quarterly dividend of $0.2975 per share, representing a 3.5% indicated yield. Kinder Morgan analyst price targets
• Neutral Sentiment: Mixed analyst view: Scotiabank initiated or reiterated a “hold” rating, indicating that the stock’s recent advance and valuation may already reflect much of the near-term improvement. Scotiabank Kinder Morgan rating
• Negative Sentiment: Lower earnings outlook: KMI’s updated FY 2026 adjusted EPS guidance of $1.36 is below the approximately $1.56 analyst consensus, creating a notable counterweight to the earnings beat and backlog expansion. Kinder Morgan 2026 earnings guidance

Insider Activity at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the transaction, the vice president directly owned 47,313 shares of the company’s stock, valued at $1,592,082.45. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.