ProShare Advisors LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598,347 shares of the pipeline company’s stock after purchasing an additional 46,806 shares during the quarter. ProShare Advisors LLC’s holdings in Kinder Morgan were worth $16,449,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $27,000. Dorato Capital Management acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $30,000. Strategic Advocates LLC purchased a new stake in Kinder Morgan during the third quarter worth approximately $32,000. Torren Management LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $32,000. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently weighed in on KMI. Barclays restated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. TD Cowen raised their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Stifel Nicolaus boosted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Weiss Ratings upgraded Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Finally, Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.
More Kinder Morgan News
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: Kinder Morgan increased its quarterly dividend to $0.2975 per share from $0.29, reinforcing its appeal as a steady income stock for investors seeking yield. The raise supports the view that cash flow remains strong and that management is prioritizing shareholder returns.
- Positive Sentiment: The company’s latest earnings beat was strong, with EPS of $0.48 topping estimates of $0.38 and revenue rising 13.8% year over year to $4.83 billion, which suggests its pipeline and terminal business is still performing well.
- Positive Sentiment: Institutional ownership remains high, and recent fund buying shows some investors continue to add exposure to KMI, which can help support sentiment around the stock.
- Neutral Sentiment: Analyst coverage remains mixed but constructive overall, with a consensus rating of “Moderate Buy” and a target price near the current trading range. That indicates Wall Street sees limited upside, but not a major deterioration in the story.
- Negative Sentiment: VP Michael Garthwaite sold 1,550 shares in a pre-arranged 10b5-1 transaction, which is not a strong negative signal on its own, but insider selling can still weigh on investor sentiment near all-time highs.
Kinder Morgan Price Performance
KMI opened at $33.60 on Thursday. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The firm has a market cap of $74.76 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.93 and a beta of 0.56. 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 company has a fifty day simple moving average of $32.76 and a 200 day simple moving average of $30.14.
Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 18.92% and a return on equity of 9.90%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.
Kinder Morgan Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s payout ratio is presently 79.87%.
Insider Transactions at Kinder Morgan
In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $32.93, for a total transaction of $203,046.38. Following the completion of the sale, the vice president owned 182,706 shares in the company, valued at $6,016,508.58. This trade represents a 3.26% decrease in their position. The sale was disclosed in a document filed 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 Kinder Morgan stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president owned 43,293 shares in the company, valued at $1,456,809.45. This represents a 3.46% 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 sold 23,148 shares of company stock valued at $763,434 in the last three months. 12.72% of the stock is currently owned by company insiders.
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.
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