M&T Bank Corp Purchases 22,861 Shares of Kinder Morgan, Inc. $KMI

M&T Bank Corp raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 23.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 122,034 shares of the pipeline company’s stock after buying an additional 22,861 shares during the period. M&T Bank Corp’s holdings in Kinder Morgan were worth $3,355,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Providence Capital Advisors LLC bought a new position in Kinder Morgan during the third quarter worth about $2,674,000. Meixler Investment Management Ltd. bought a new position in Kinder Morgan during the third quarter worth about $1,882,000. HighTower Advisors LLC boosted its holdings in Kinder Morgan by 3.9% during the third quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock worth $34,874,000 after buying an additional 46,396 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in Kinder Morgan by 15.6% during the third quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock worth $352,519,000 after buying an additional 1,682,241 shares during the last quarter. Finally, Cibc World Market Inc. boosted its holdings in Kinder Morgan by 12.9% during the third quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company’s stock worth $24,605,000 after buying an additional 99,540 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on KMI. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. TD Cowen raised their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Finally, Scotiabank lifted their target price on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.20.

Insider Activity

In other news, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total value of $255,600.00. Following the sale, the vice president directly owned 100,146 shares in the company, valued at $3,199,664.70. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total value of $199,840.06. Following the completion of the sale, the vice president owned 176,540 shares in the company, valued at approximately $5,721,661.40. This trade represents a 3.37% decrease in their ownership of the stock. 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 have sold a total of 29,598 shares of company stock worth $966,877 over the last three months. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Performance

KMI stock opened at $31.51 on Friday. The business’s 50-day moving average price is $32.82 and its two-hundred day moving average price is $29.73. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The firm has a market cap of $70.10 billion, a PE ratio of 21.15, a P/E/G ratio of 2.71 and a beta of 0.56. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.73.

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

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, May 4th. Kinder Morgan’s dividend payout ratio is presently 79.87%.

Kinder Morgan 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.