Legal & General Group Plc Has $427.79 Million Stock Position in Kinder Morgan, Inc. $KMI

Legal & General Group Plc reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,561,768 shares of the pipeline company’s stock after selling 317,130 shares during the quarter. Legal & General Group Plc’s holdings in Kinder Morgan were worth $427,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SLT Holdings LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth approximately $291,000. New Age Alpha Advisors LLC lifted its stake in shares of Kinder Morgan by 56.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 9,169 shares of the pipeline company’s stock worth $252,000 after acquiring an additional 3,326 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of Kinder Morgan by 4.4% in the fourth quarter. HBK Sorce Advisory LLC now owns 9,868 shares of the pipeline company’s stock worth $301,000 after acquiring an additional 416 shares during the period. Allen Capital Group LLC lifted its stake in shares of Kinder Morgan by 2.3% in the fourth quarter. Allen Capital Group LLC now owns 280,508 shares of the pipeline company’s stock worth $7,711,000 after acquiring an additional 6,387 shares during the period. Finally, Life Cycle Investment Partners Ltd acquired a new position in shares of Kinder Morgan in the fourth quarter worth approximately $47,473,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMI has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price objective on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Zacks Research raised Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Citigroup boosted their price target on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Scotiabank boosted their price target on Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. Finally, Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

Insider Activity at Kinder Morgan

In other news, 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 transaction of $52,157.50. Following the completion of the sale, the vice president owned 43,293 shares in the company, valued at $1,456,809.45. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on 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 approximately $5,721,661.40. This represents a 3.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 23,148 shares of company stock valued at $763,434. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $33.80 on Tuesday. 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 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The business’s 50 day moving average price is $32.79 and its two-hundred day moving average price is $30.30. The firm has a market cap of $75.19 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56.

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

Kinder Morgan Increases Dividend

The company 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 a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio is presently 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.