18,575 Kinder Morgan, Inc. $KMI Shares Bought by Oak Grove Capital LLC

Oak Grove Capital LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 439,412 shares of the pipeline company’s stock after buying an additional 18,575 shares during the period. Oak Grove Capital LLC’s holdings in Kinder Morgan were worth $13,248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. OP Asset Management Ltd bought a new stake in shares of Kinder Morgan during the 1st quarter worth $6,412,000. USS Investment Management Ltd raised its position in shares of Kinder Morgan by 10.3% during the first quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company’s stock worth $14,116,000 after purchasing an additional 39,418 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in shares of Kinder Morgan by 3.2% during the first quarter. Miller Howard Investments Inc. NY now owns 1,822,905 shares of the pipeline company’s stock valued at $61,122,000 after purchasing an additional 57,198 shares during the last quarter. Oak Family Advisors LLC purchased a new stake in shares of Kinder Morgan during the second quarter valued at $3,627,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $3,406,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Up 0.7%

Shares of Kinder Morgan stock opened at $32.48 on Friday. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a market cap of $72.32 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.27 and a beta of 0.59. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average price of $31.48 and a 200 day moving average price of $32.05.

Kinder Morgan (NYSE:KMI) last released 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. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. Kinder Morgan’s payout ratio is presently 76.28%.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the transaction, the vice president owned 48,863 shares in the company, valued at approximately $1,504,980.40. This represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KMI shares. Zacks Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group decreased their target price on shares of Kinder Morgan from $35.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, September 17th. Stifel Nicolaus assumed coverage on shares of Kinder Morgan in a report on Wednesday, September 9th. They set a “hold” rating and a $35.00 price target on the stock. Royal Bank Of Canada upped their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 22nd. Finally, Capital One Financial began coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They issued an “equal weight” rating and a $36.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $35.77.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.