Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $21.66 Million Investment in Kinder Morgan, Inc. $KMI

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, HoldingsChannel.com reports. The firm bought 787,837 shares of the pipeline company’s stock, valued at approximately $21,658,000. Kinder Morgan makes up 0.8% of Fideuram Intesa Sanpaolo Private Banking S.P.A.’s portfolio, making the stock its 28th largest position.

A number of other hedge funds also recently bought and sold shares of KMI. PNC Financial Services Group Inc. increased its position in shares of Kinder Morgan by 3.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 450,900 shares of the pipeline company’s stock worth $12,395,000 after purchasing an additional 16,200 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Kinder Morgan by 152.2% during the fourth quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock worth $1,503,000 after purchasing an additional 32,998 shares in the last quarter. Paradigm Capital Management LLC NV increased its position in shares of Kinder Morgan by 11.3% during the fourth quarter. Paradigm Capital Management LLC NV now owns 76,581 shares of the pipeline company’s stock worth $2,105,000 after purchasing an additional 7,801 shares in the last quarter. Csenge Advisory Group increased its position in shares of Kinder Morgan by 7.5% during the fourth quarter. Csenge Advisory Group now owns 47,340 shares of the pipeline company’s stock worth $1,301,000 after purchasing an additional 3,316 shares in the last quarter. Finally, Integral Investment Advisors Inc. acquired a new position in shares of Kinder Morgan during the fourth quarter worth $349,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMI. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Royal Bank Of Canada upped their price target on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Zacks Research raised Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Morgan Stanley upped their target price on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Citigroup upped their target price on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

Kinder Morgan Price Performance

NYSE KMI opened at $34.36 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The stock’s fifty day moving average price is $32.75 and its 200 day moving average price is $30.09. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a market cap of $76.44 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 2.89 and a beta of 0.56.

Kinder Morgan (NYSE:KMI) last released its 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. The firm 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 firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

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

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the sale, the vice president directly owned 43,293 shares of the company’s stock, valued at approximately $1,456,809.45. This trade represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the sale, the vice president directly owned 176,540 shares in the company, valued at $5,721,661.40. This represents a 3.37% 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. Insiders have sold a total of 23,148 shares of company stock worth $763,434 over the last ninety days. 12.72% of the stock is 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.