Kinder Morgan, Inc. $KMI Shares Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 647,005 shares of the pipeline company’s stock after buying an additional 23,493 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Kinder Morgan were worth $21,694,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KMI. North Star Investment Management Corp. boosted its stake in shares of Kinder Morgan by 3.0% in the first quarter. North Star Investment Management Corp. now owns 136,421 shares of the pipeline company’s stock worth $4,574,000 after acquiring an additional 4,013 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new position in Kinder Morgan in the 1st quarter valued at $326,000. Apollon Wealth Management LLC boosted its stake in Kinder Morgan by 4.6% during the 1st quarter. Apollon Wealth Management LLC now owns 97,462 shares of the pipeline company’s stock worth $3,268,000 after purchasing an additional 4,292 shares during the last quarter. Pasadena Private Wealth LLC purchased a new stake in shares of Kinder Morgan during the first quarter worth $217,000. Finally, apricus wealth LLC raised its position in shares of Kinder Morgan by 0.9% in the first quarter. apricus wealth LLC now owns 114,233 shares of the pipeline company’s stock valued at $3,830,000 after buying an additional 1,055 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the transaction, the vice president directly owned 176,540 shares of the company’s stock, valued at $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 on Tuesday, June 16th. The shares were 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 in the company, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. 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 worth $749,206 in the last 90 days. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of KMI opened at $31.97 on Wednesday. The company has a market capitalization of $71.12 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54. The firm has a 50-day simple moving average of $32.17 and a 200-day simple moving average of $31.20. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. The company had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities research analysts anticipate 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 was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a dividend of $0.2975 per share. 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 3.7%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s payout ratio is currently 79.87%.

Analysts Set New Price Targets

KMI has been the topic of several research reports. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Citigroup increased their price objective on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Truist Financial assumed coverage on Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target for the company. Finally, Morgan Stanley increased their price target on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Eight equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.71.

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.