Core Capital Management & Research inc. Acquires Shares of 27,633 Kinder Morgan, Inc. $KMI

Core Capital Management & Research inc. bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,633 shares of the pipeline company’s stock, valued at approximately $856,000.

Several other institutional investors and hedge funds have also modified their holdings of KMI. Sequoia Financial Advisors LLC raised its stake in Kinder Morgan by 4.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 330,455 shares of the pipeline company’s stock worth $10,565,000 after purchasing an additional 13,130 shares in the last quarter. Tidal Investments LLC raised its position in shares of Kinder Morgan by 17.8% in the second quarter. Tidal Investments LLC now owns 635,254 shares of the pipeline company’s stock valued at $20,309,000 after buying an additional 96,102 shares in the last quarter. Van Hulzen Asset Management LLC boosted its stake in shares of Kinder Morgan by 10.1% in the second quarter. Van Hulzen Asset Management LLC now owns 277,516 shares of the pipeline company’s stock valued at $8,872,000 after buying an additional 25,525 shares during the period. National Pension Service grew its position in Kinder Morgan by 2.1% during the second quarter. National Pension Service now owns 3,047,059 shares of the pipeline company’s stock worth $97,414,000 after buying an additional 61,443 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in Kinder Morgan by 39.4% in the 2nd quarter. Engineers Gate Manager LP now owns 43,645 shares of the pipeline company’s stock valued at $1,395,000 after acquiring an additional 12,338 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company’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 completion of the transaction, the vice president directly owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This represents a 3.62% 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 corporate insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $31.45 on Thursday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The company has a market cap of $70.03 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.26 and a beta of 0.56. The firm has a 50 day simple moving average of $31.93 and a 200 day simple moving average of $32.35.

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

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a dividend of $0.2975 per share. 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 payout ratio is currently 76.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KMI. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock 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. Finally, Citigroup reiterated a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.67.

Kinder Morgan 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.