Northeast Investment Management Buys Shares of 42,839 Kinder Morgan, Inc. $KMI

Northeast Investment Management bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, HoldingsChannel reports. The fund bought 42,839 shares of the pipeline company’s stock, valued at approximately $1,178,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC bought a new position in shares of Kinder Morgan during the third quarter worth about $2,674,000. Meixler Investment Management Ltd. acquired a new stake in Kinder Morgan in the 3rd quarter valued at about $1,882,000. HighTower Advisors LLC lifted its holdings in Kinder Morgan by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock valued at $34,874,000 after acquiring an additional 46,396 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in Kinder Morgan by 15.6% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock valued at $352,519,000 after acquiring an additional 1,682,241 shares during the last quarter. Finally, Cibc World Market Inc. lifted its holdings in Kinder Morgan by 12.9% in the 3rd quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company’s stock valued at $24,605,000 after acquiring an additional 99,540 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.6%

Shares of KMI stock opened at $32.45 on Wednesday. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.73. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $32.76 and its two-hundred day moving average is $29.82. The company has a market cap of $72.20 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.76 and a beta of 0.56.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period last year, the business posted $0.34 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts predict 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 will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, May 4th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is 79.87%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the sale, the vice president directly owned 176,540 shares in the company, valued at approximately $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Anthony B. Ashley sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the transaction, the vice president directly owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. This trade represents a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 29,598 shares of company stock valued at $966,877. 12.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMI. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Zacks Research raised shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Scotiabank upped their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. Jefferies Financial Group reduced their price objective on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

Kinder Morgan Company 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.