Thrivent Financial for Lutherans Has $17.78 Million Stock Position in Kinder Morgan, Inc. $KMI

Thrivent Financial for Lutherans increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 40.8% during the fourth quarter, HoldingsChannel reports. The fund owned 646,840 shares of the pipeline company’s stock after buying an additional 187,392 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kinder Morgan were worth $17,784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Providence Capital Advisors LLC bought a new position in Kinder Morgan during the third quarter worth $2,674,000. Meixler Investment Management Ltd. acquired a new stake in Kinder Morgan during the 3rd quarter worth about $1,882,000. HighTower Advisors LLC raised its position in shares of Kinder Morgan by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock worth $34,874,000 after acquiring an additional 46,396 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its stake in shares of Kinder Morgan by 15.6% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock valued at $352,519,000 after purchasing an additional 1,682,241 shares during the period. Finally, Cibc World Market Inc. boosted its position in shares of Kinder Morgan by 12.9% during the 3rd quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company’s stock valued at $24,605,000 after purchasing an additional 99,540 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.5%

KMI opened at $33.80 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.73. The firm has a market capitalization of $75.20 billion, a P/E ratio of 22.68, a PEG ratio of 2.88 and a beta of 0.56. The company’s 50-day moving average is $32.73 and its 200 day moving average is $30.03. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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 business had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a dividend of $0.2975 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $31.72, for a total value of $49,166.00. Following the completion of the transaction, the vice president directly owned 44,843 shares of the company’s stock, valued at approximately $1,422,419.96. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the transaction, the vice president directly owned 188,872 shares of the company’s stock, valued at $6,359,320.24. The trade was a 3.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 21,598 shares of company stock valued at $711,277 in the last quarter. Corporate insiders own 12.72% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the topic of several recent analyst reports. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Weiss Ratings raised shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Jefferies Financial Group cut their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Finally, Truist Financial assumed coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

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.