Hsbc Holdings PLC Has $168.64 Million Position in Kinder Morgan, Inc. $KMI

Hsbc Holdings PLC lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,146,260 shares of the pipeline company’s stock after selling 825,179 shares during the period. Hsbc Holdings PLC’s holdings in Kinder Morgan were worth $168,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Kinder Morgan by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock valued at $5,780,637,000 after purchasing an additional 2,165,130 shares in the last quarter. State Street Corp lifted its stake in Kinder Morgan by 2.2% during the fourth quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock worth $3,212,490,000 after purchasing an additional 2,510,601 shares during the last quarter. Norges Bank acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $1,132,125,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kinder Morgan by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company’s stock valued at $827,582,000 after purchasing an additional 195,088 shares in the last quarter. Finally, Orbis Allan Gray Ltd increased its stake in shares of Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after purchasing an additional 670,856 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Jefferies Financial Group lowered their price target on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Truist Financial began coverage on Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price on the stock. Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Royal Bank Of Canada increased their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Finally, Zacks Research upgraded shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $34.53.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the transaction, the vice president owned 170,374 shares in the company, valued at $5,423,004.42. This trade represents a 3.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% 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 23,148 shares of company stock worth $749,206 over the last three months. Insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Down 0.0%

Shares of NYSE:KMI opened at $31.58 on Friday. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a market capitalization of $70.27 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.63 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The company has a fifty day moving average of $32.11 and a 200-day moving average of $30.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.10. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.Kinder Morgan’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a $0.2975 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio is 79.87%.

About Kinder Morgan

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.