Kinder Morgan, Inc. $KMI Shares Bought by BROOKFIELD Corp ON

BROOKFIELD Corp ON grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 28.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,862,006 shares of the pipeline company’s stock after buying an additional 626,572 shares during the period. Kinder Morgan accounts for approximately 0.1% of BROOKFIELD Corp ON’s holdings, making the stock its 25th biggest holding. BROOKFIELD Corp ON’s holdings in Kinder Morgan were worth $95,963,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new stake in Kinder Morgan during the first quarter valued at about $28,000. Commonwealth Retirement Investments LLC acquired a new stake in Kinder Morgan during the fourth quarter worth about $27,000. First Pacific Financial raised its holdings in shares of Kinder Morgan by 9,900.0% in the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 990 shares during the period. Acumen Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at about $28,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at about $34,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other Kinder Morgan 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 completion of the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This represents a 3.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total value of $199,840.06. Following the sale, the vice president owned 176,540 shares of the company’s stock, valued at $5,721,661.40. This represents a 3.37% 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 sold 21,598 shares of company stock valued at $693,689. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 0.0%

Shares of NYSE:KMI opened at $32.87 on Monday. The company has a market capitalization of $73.13 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54. The company has a 50 day moving average of $32.26 and a two-hundred day moving average of $31.86. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.52 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.2975 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. Kinder Morgan’s payout ratio is currently 76.28%.

Analysts Set New Price Targets

KMI has been the subject of a number of research analyst reports. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wells Fargo & Company boosted 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. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Finally, Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.08.

Read Our Latest Analysis on Kinder Morgan

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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.

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

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