Nykredit A S Purchases Shares of 150,854 Kinder Morgan, Inc. $KMI

Nykredit A S bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 2nd quarter, Holdings Channel.com reports. The fund bought 150,854 shares of the pipeline company’s stock, valued at approximately $4,823,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMI. Norges Bank bought a new position in Kinder Morgan during the fourth quarter valued at approximately $1,132,125,000. Ontario Teachers Pension Plan Board purchased a new position in Kinder Morgan during the second quarter worth $239,397,000. AQR Capital Management LLC boosted its stake in shares of Kinder Morgan by 431.9% during the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the period. Merewether Investment Management LP purchased a new position in Kinder Morgan during the 2nd quarter valued at $138,477,000. Finally, Zimmer Partners LP increased its stake in Kinder Morgan by 177.8% in the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after buying an additional 3,885,000 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Michael Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president owned 164,208 shares of the company’s stock, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Trading Up 0.1%

KMI opened at $31.42 on Monday. The company’s 50 day simple moving average is $31.95 and its two-hundred day simple moving average is $32.37. The firm has a market capitalization of $69.97 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.22 and a beta of 0.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81.

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

Kinder Morgan Announces Dividend

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

Analysts Set New Price Targets

KMI has been the subject of several research reports. 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. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings cut Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Morgan Stanley set a $38.00 price target on shares of Kinder Morgan in a report on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.50.

Kinder Morgan Company Profile

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.