Nordea Investment Management AB Has $33.94 Million Holdings in Kinder Morgan, Inc. $KMI

Nordea Investment Management AB boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 722.4% during the third quarter, Holdings Channel reports. The fund owned 1,200,668 shares of the pipeline company’s stock after purchasing an additional 1,054,680 shares during the period. Nordea Investment Management AB’s holdings in Kinder Morgan were worth $33,937,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Kinder Morgan in the 4th quarter valued at about $308,000. Parallel Advisors LLC boosted its holdings in shares of Kinder Morgan by 5.3% during the second quarter. Parallel Advisors LLC now owns 28,449 shares of the pipeline company’s stock worth $836,000 after acquiring an additional 1,421 shares during the period. Everpar Advisors LLC bought a new stake in shares of Kinder Morgan during the second quarter worth approximately $216,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Kinder Morgan by 37.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 11,536 shares of the pipeline company’s stock valued at $339,000 after purchasing an additional 3,155 shares during the last quarter. Finally, Czech National Bank increased its stake in shares of Kinder Morgan by 6.4% during the second quarter. Czech National Bank now owns 472,538 shares of the pipeline company’s stock worth $13,893,000 after purchasing an additional 28,544 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis acquired 3,800 shares of the stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the transaction, the director directly owned 39,051 shares in the company, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the sale, the vice president directly owned 201,204 shares in the company, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have bought 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $507,462. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

KMI opened at $27.51 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The firm has a market cap of $61.19 billion, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 2.26 and a beta of 0.69. The business’s fifty day moving average is $27.05 and its 200-day moving average is $27.22.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the prior year, the business posted $0.25 earnings per share. Kinder Morgan’s revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research reports. BMO Capital Markets assumed coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Jefferies Financial Group reduced their target price on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, December 23rd. Scotiabank lowered their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Finally, Royal Bank Of Canada lifted their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.20.

Kinder Morgan 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.