Public Employees Retirement System of Ohio Has $20.14 Million Holdings in Kinder Morgan, Inc. $KMI

Public Employees Retirement System of Ohio cut its stake in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 600,551 shares of the pipeline company’s stock after selling 24,292 shares during the period. Public Employees Retirement System of Ohio’s holdings in Kinder Morgan were worth $20,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of KMI. Commonwealth Retirement Investments LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at $28,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $28,000. Dorato Capital Management acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $30,000. Finally, Basepoint Wealth LLC bought a new position in Kinder Morgan in the fourth quarter valued at about $30,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $32.87 on Friday. The company’s fifty day simple moving average is $32.26 and its 200-day simple moving average is $31.83. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The firm has a market cap of $73.13 billion, a PE ratio of 21.07, a P/E/G ratio of 2.60 and a beta of 0.54. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81.

Kinder Morgan (NYSE:KMIGet Free Report) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’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. Equities research analysts expect that Kinder Morgan, Inc. will post 1.52 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.2975 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s payout ratio is 76.28%.

Insider Transactions at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the completion of the transaction, the vice president directly owned 176,540 shares in the company, valued at approximately $5,721,661.40. This represents a 3.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,598 shares of company stock valued at $693,689. Insiders own 12.72% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of a number of analyst reports. Royal Bank Of Canada lifted 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. UBS Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.08.

Read Our Latest Stock Report on KMI

Kinder Morgan News Summary

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Kinder Morgan Profile

(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.

See Also

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

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