Czech National Bank Grows Position in Kinder Morgan, Inc. $KMI

Czech National Bank raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 4.5% in the second quarter, Holdings Channel.com reports. The fund owned 557,278 shares of the pipeline company’s stock after buying an additional 24,083 shares during the quarter. Czech National Bank’s holdings in Kinder Morgan were worth $17,816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Frazier Financial Advisors LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at about $28,000. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $27,000. First Pacific Financial increased its holdings in Kinder Morgan by 9,900.0% in the first quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock valued at $34,000 after buying an additional 990 shares in the last quarter. Robinswood Financial LLC purchased a new position in Kinder Morgan in the first quarter valued at about $34,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $28,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on KMI. Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Wells Fargo & Company boosted their target price on 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 lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Finally, Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.50.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction 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 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. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $196,695.40. Following the completion of the sale, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. The trade was 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. Over the last quarter, insiders have sold 15,432 shares of company stock valued at $493,849. Insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Down 1.4%

Shares of NYSE:KMI opened at $30.84 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The stock’s fifty day simple moving average is $31.94 and its 200-day simple moving average is $32.13. The company has a market capitalization of $68.68 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.53 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter 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. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.54 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 76.28%.

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.