Royal London Asset Management Ltd. Has $148.86 Million Stock Position in Kinder Morgan, Inc. $KMI

Royal London Asset Management Ltd. increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 94.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,415,176 shares of the pipeline company’s stock after acquiring an additional 2,625,119 shares during the period. Royal London Asset Management Ltd.’s holdings in Kinder Morgan were worth $148,863,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P raised its stake in Kinder Morgan by 13.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after purchasing an additional 329 shares in the last quarter. Waddell & Associates LLC lifted its holdings in shares of Kinder Morgan by 1.3% during the 4th quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock worth $720,000 after acquiring an additional 336 shares during the period. Personal CFO Solutions LLC lifted its stake in Kinder Morgan by 4.5% during the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock worth $217,000 after purchasing an additional 340 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of Kinder Morgan by 1.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 22,530 shares of the pipeline company’s stock worth $617,000 after buying an additional 342 shares during the last quarter. Finally, Red Door Wealth Management LLC boosted its stake in shares of Kinder Morgan by 2.2% in the 4th quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company’s stock valued at $489,000 after purchasing an additional 389 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated 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 owned 170,374 shares in the company, valued at approximately $5,423,004.42. The trade was a 3.49% decrease in their position. The transaction was disclosed in a document filed 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 Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president directly owned 43,293 shares of the company’s stock, valued at $1,456,809.45. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 23,148 shares of company stock valued at $752,089. 12.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on KMI. Wells Fargo & Company increased their price target on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday. Zacks Research upgraded shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Jefferies Financial Group dropped their price objective on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

Kinder Morgan Trading Up 1.6%

NYSE KMI opened at $31.87 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The business has a 50 day moving average price of $32.28 and a 200-day moving average price of $30.75. The company has a market cap of $70.91 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 2.61 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.Kinder Morgan’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $0.2975 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio is 79.87%.

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.