Geode Capital Management LLC Increases Stake in Kinder Morgan, Inc. $KMI

Geode Capital Management LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 53,029,874 shares of the pipeline company’s stock after acquiring an additional 82,479 shares during the period. Geode Capital Management LLC’s holdings in Kinder Morgan were worth $1,452,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fidelis Capital Partners LLC increased its holdings in Kinder Morgan by 30.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 28,523 shares of the pipeline company’s stock valued at $784,000 after buying an additional 6,692 shares during the last quarter. King Luther Capital Management Corp increased its holdings in Kinder Morgan by 1.7% during the fourth quarter. King Luther Capital Management Corp now owns 2,680,010 shares of the pipeline company’s stock valued at $73,673,000 after buying an additional 43,619 shares during the last quarter. Royal Palms Capital LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $3,996,000. Flputnam Investment Management Co. increased its holdings in Kinder Morgan by 37.0% during the fourth quarter. Flputnam Investment Management Co. now owns 18,782 shares of the pipeline company’s stock valued at $516,000 after buying an additional 5,073 shares during the last quarter. Finally, Integrity Alliance LLC. increased its holdings in Kinder Morgan by 16.8% during the fourth quarter. Integrity Alliance LLC. now owns 19,842 shares of the pipeline company’s stock valued at $545,000 after buying an additional 2,854 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $32.93, for a total transaction of $203,046.38. Following the completion of the transaction, the vice president owned 182,706 shares in the company, valued at $6,016,508.58. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock in a transaction on Monday, May 18th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president owned 43,293 shares of the company’s stock, valued at $1,456,809.45. This trade represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 23,148 shares of company stock valued at $763,434. 12.72% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $31.92 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The firm has a fifty day moving average price of $32.73 and a 200 day moving average price of $30.43. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The firm has a market cap of $71.02 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 2.69 and a beta of 0.56.

Kinder Morgan (NYSE:KMI) last issued its 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. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. Kinder Morgan’s revenue for the quarter was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.2975 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio (DPR) is currently 79.87%.

Analyst Ratings Changes

KMI has been the subject of a number of analyst reports. Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Weiss Ratings raised shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Truist Financial initiated coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price objective for the company. Royal Bank Of Canada increased their price objective on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Finally, Morgan Stanley increased their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

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.