Two Sigma Securities LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 321.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,779 shares of the pipeline company’s stock after buying an additional 19,669 shares during the quarter. Two Sigma Securities LLC’s holdings in Kinder Morgan were worth $824,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Partners Group Holding AG lifted its holdings in Kinder Morgan by 45.0% during the fourth quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company’s stock worth $8,020,000 after buying an additional 90,593 shares during the period. Generali Asset Management SPA SGR increased its holdings in shares of Kinder Morgan by 47.4% in the 4th quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company’s stock valued at $4,309,000 after acquiring an additional 50,403 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Kinder Morgan by 152.2% in the 4th quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock valued at $1,503,000 after acquiring an additional 32,998 shares during the period. OP Asset Management Ltd bought a new position in shares of Kinder Morgan in the 1st quarter worth $6,412,000. Finally, USS Investment Management Ltd raised its position in shares of Kinder Morgan by 10.3% in the 1st quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company’s stock worth $14,116,000 after acquiring an additional 39,418 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on KMI. Morgan Stanley set a $38.00 price objective on Kinder Morgan in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. UBS Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Finally, Citigroup reiterated a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $35.50.
Kinder Morgan Stock Down 0.3%
Kinder Morgan stock opened at $32.13 on Wednesday. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The business has a fifty day moving average price of $32.02 and a 200-day moving average price of $32.38. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The stock has a market capitalization of $71.55 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 2.52 and a beta of 0.56.
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the company posted $0.28 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.
Kinder Morgan Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.2975 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio is 76.28%.
Insider Activity at Kinder Morgan
In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the sale, the vice president owned 170,374 shares of the company’s stock, 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 available at 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 company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. 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. Insiders sold a total of 13,882 shares of company stock valued at $441,691 over the last ninety days. 12.72% of the stock is currently owned by insiders.
Kinder Morgan Profile
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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