Kinder Morgan, Inc. $KMI Shares Acquired by Mariner LLC

Mariner LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.8% during the fourth quarter, Holdings Channel reports. The fund owned 3,057,911 shares of the pipeline company’s stock after purchasing an additional 246,581 shares during the quarter. Mariner LLC’s holdings in Kinder Morgan were worth $84,065,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Loomis Sayles & Co. L P boosted its stake in shares of Kinder Morgan by 13.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock valued at $79,000 after acquiring an additional 329 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Kinder Morgan by 4.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock valued at $232,000 after acquiring an additional 333 shares during the last quarter. Waddell & Associates LLC boosted its stake in shares of Kinder Morgan by 1.3% during the fourth quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock valued at $720,000 after acquiring an additional 336 shares during the last quarter. Abbot Financial Management Inc. boosted its stake in shares of Kinder Morgan by 0.8% during the fourth quarter. Abbot Financial Management Inc. now owns 44,707 shares of the pipeline company’s stock valued at $1,229,000 after acquiring an additional 338 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in shares of Kinder Morgan by 4.5% during the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock valued at $217,000 after acquiring an additional 340 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of analyst reports. Citigroup increased their price objective on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Zacks Research raised Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. UBS Group reissued a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday. Morgan Stanley raised their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.53.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $31.43 on Tuesday. The stock’s 50-day moving average is $32.25 and its 200-day moving average is $30.81. The company has a market cap of $69.93 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 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 the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share 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 $0.2975 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $32.93, for a total transaction of $203,046.38. Following the sale, the vice president directly owned 182,706 shares in the company, valued at approximately $6,016,508.58. This trade represents a 3.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president owned 43,293 shares in the company, valued at approximately $1,456,809.45. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 21,598 shares of company stock worth $700,474. Company insiders own 12.72% of the company’s stock.

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.