Kinder Morgan, Inc. $KMI Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 11.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,739,835 shares of the pipeline company’s stock after selling 630,558 shares during the period. Royal London Asset Management Ltd. owned 0.21% of Kinder Morgan worth $151,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of KMI. Brighton Jones LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $308,000. Schnieders Capital Management LLC. grew its holdings in Kinder Morgan by 11.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after buying an additional 7,081 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Kinder Morgan by 2.1% in the 2nd quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock worth $7,964,000 after acquiring an additional 5,586 shares during the last quarter. Nebula Research & Development LLC purchased a new position in shares of Kinder Morgan during the 2nd quarter worth $1,168,000. Finally, Sei Investments Co. boosted its position in shares of Kinder Morgan by 20.4% during the 2nd quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock valued at $25,328,000 after acquiring an additional 145,806 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $31.57 on Friday. The company has a market cap of $70.30 billion, a P/E ratio of 20.24, a PEG ratio of 2.47 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 quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The firm’s 50 day moving average price is $32.03 and its 200 day moving average price is $32.35.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 10.8% 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 forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.2975 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan’s dividend payout ratio is 76.28%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. UBS Group reiterated a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a report on Monday, June 15th. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Morgan Stanley set a $38.00 price objective on Kinder Morgan in a report on Wednesday, July 29th. Finally, Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.50.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the sale, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This represents a 3.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,882 shares of company stock worth $441,691 in the last ninety days. 12.72% of the stock is owned by corporate 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.