Commerzbank Aktiengesellschaft FI Increases Stock Position in Kinder Morgan, Inc. $KMI

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1,054.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 209,202 shares of the pipeline company’s stock after purchasing an additional 191,083 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Kinder Morgan were worth $5,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of KMI. Vanguard Group Inc. grew its position in Kinder Morgan by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock valued at $5,780,637,000 after buying an additional 2,165,130 shares during the last quarter. Orbis Allan Gray Ltd grew its position in Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after buying an additional 670,856 shares during the last quarter. Invesco Ltd. grew its position in Kinder Morgan by 1.0% in the 3rd quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock valued at $627,502,000 after buying an additional 216,039 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Kinder Morgan by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock valued at $468,588,000 after buying an additional 205,820 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Kinder Morgan by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 15,878,898 shares of the pipeline company’s stock worth $449,532,000 after purchasing an additional 213,741 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the transaction, the vice president directly owned 188,872 shares in the company, valued at approximately $6,359,320.24. This represents a 3.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $31.72, for a total value of $49,166.00. Following the sale, the vice president directly owned 44,843 shares in the company, valued at approximately $1,422,419.96. This represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 29,598 shares of company stock worth $966,877. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Stock Up 0.7%

Shares of NYSE:KMI opened at $33.63 on Friday. The stock has a market capitalization of $74.81 billion, a P/E ratio of 22.57, a PEG ratio of 2.86 and a beta of 0.56. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.73. The stock has a 50-day simple moving average of $32.73 and a 200-day simple moving average of $29.95. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

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

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $0.2975 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio (DPR) is currently 79.87%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KMI shares. Scotiabank boosted their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Citigroup lifted their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Wells Fargo & Company lifted their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, Truist Financial initiated coverage on Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.