State Street Corp Boosts Position in Kinder Morgan, Inc. $KMI

State Street Corp increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 4.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 130,863,419 shares of the pipeline company’s stock after acquiring an additional 5,361,578 shares during the quarter. State Street Corp owned about 0.06% of Kinder Morgan worth $4,183,704,000 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 KMI. Evolution Wealth Management Inc. boosted its holdings in shares of Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of Kinder Morgan by 72.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock valued at $25,000 after buying an additional 328 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Kinder Morgan in the 1st quarter worth approximately $28,000. Bell Investment Advisors Inc lifted its position in Kinder Morgan by 112.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock worth $30,000 after buying an additional 500 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan in the fourth quarter worth approximately $27,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total transaction of $47,740.00. Following the completion of the transaction, the vice president directly owned 48,863 shares in the company, valued at $1,504,980.40. This trade represents a 3.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on KMI. Jefferies Financial Group cut their price target on shares of Kinder Morgan from $35.00 to $33.00 and set a “hold” rating for the company in a research report on Thursday. Capital One Financial initiated coverage on Kinder Morgan in a research report on Tuesday. They set an “equal weight” rating and a $36.00 price target on the stock. Morgan Stanley set a $33.00 price target on Kinder Morgan in a research note on Thursday. Royal Bank Of Canada increased their price objective on Kinder Morgan from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.77.

Kinder Morgan Stock Down 1.1%

KMI traded down $0.33 during trading on Tuesday, hitting $31.39. 4,425,226 shares of the company’s stock traded hands, compared to its average volume of 12,202,580. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The company’s 50 day simple moving average is $31.76 and its two-hundred day simple moving average is $32.24. The stock has a market capitalization of $69.89 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.24 and a beta of 0.56. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91.

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

Kinder Morgan Announces Dividend

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

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.