KBC Group NV Acquires 23,473 Shares of Kinder Morgan, Inc. $KMI

KBC Group NV lifted its stake in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 12.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 209,954 shares of the pipeline company’s stock after acquiring an additional 23,473 shares during the quarter. KBC Group NV’s holdings in Kinder Morgan were worth $7,040,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KMI. Frazier Financial Advisors LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $28,000. Commonwealth Retirement Investments LLC bought a new stake in Kinder Morgan during the fourth quarter worth $27,000. First Pacific Financial raised its position in Kinder Morgan by 9,900.0% during the first quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 990 shares in the last quarter. Acumen Wealth Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at $28,000. Finally, Dorato Capital Management bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $30,000. Institutional investors own 62.52% of the company’s stock.

Key Kinder Morgan News

Here are the key news stories impacting Kinder Morgan this week:

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Zacks Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Royal Bank Of Canada boosted their price target on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group cut their price objective on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Eight investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.71.

Read Our Latest Stock Report on Kinder Morgan

Kinder Morgan Stock Performance

KMI opened at $32.49 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The business has a fifty day simple moving average of $32.28 and a 200 day simple moving average of $31.79. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a market capitalization of $72.29 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.70 and a beta of 0.54.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Insider Activity

In other news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred 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 directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the sale, the vice president owned 164,208 shares of the company’s stock, valued at approximately $5,238,235.20. The trade was a 3.62% 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 a total of 21,598 shares of company stock valued at $693,689 in the last quarter. Corporate insiders own 12.72% of the company’s stock.

About Kinder Morgan

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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