Janus Henderson Group PLC Buys 164,792 Shares of Kinder Morgan, Inc. $KMI

Janus Henderson Group PLC raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 128.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 292,961 shares of the pipeline company’s stock after purchasing an additional 164,792 shares during the period. Janus Henderson Group PLC’s holdings in Kinder Morgan were worth $9,817,000 as of its most recent SEC filing.

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

Kinder Morgan Trading Down 0.8%

Shares of KMI stock opened at $31.12 on Thursday. The firm has a fifty day moving average of $31.96 and a 200-day moving average of $32.11. The stock has a market cap of $69.30 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.54 and a beta of 0.54. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the business earned $0.28 EPS. The firm’s revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.54 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Citigroup reissued a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.50.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares in the company, valued at $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s 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 completion of the sale, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. This represents 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 have sold a total of 15,432 shares of company stock valued at $493,849 in the last 90 days. 12.72% of the stock is owned by corporate 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.