Kinder Morgan, Inc. $KMI Shares Bought by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 47.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,566 shares of the pipeline company’s stock after buying an additional 117,910 shares during the period. Coronation Fund Managers Ltd.’s holdings in Kinder Morgan were worth $12,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMI. Alpha Family Trust acquired a new stake in Kinder Morgan in the 1st quarter valued at about $240,000. Dynamic Wealth Strategies LLC acquired a new position in shares of Kinder Morgan during the 1st quarter worth approximately $67,000. Militia Capital Management LLC purchased a new stake in shares of Kinder Morgan in the first quarter valued at approximately $2,890,000. Petra Financial Advisors Inc. acquired a new position in shares of Kinder Morgan during the 1st quarter valued at about $390,000. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of Kinder Morgan by 45.8% in the first quarter. First Citizens Bank & Trust Co. now owns 561,544 shares of the pipeline company’s stock valued at $18,829,000 after purchasing an additional 176,493 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 0.3%

Shares of KMI stock opened at $32.49 on Thursday. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The firm has a market cap of $72.29 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.70 and a beta of 0.54. The company has a 50-day moving average of $32.28 and a two-hundred day moving average of $31.79. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Analysts Set New Price Targets

KMI has been the subject of several recent analyst reports. UBS Group restated a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group cut their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, March 30th. Finally, Scotiabank increased their price objective on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.71.

Get Our Latest Stock Analysis on Kinder Morgan

Kinder Morgan News Summary

Here are the key news stories impacting Kinder Morgan this week:

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,598 shares of company stock valued at $693,689. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMIFree Report).

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.