Public Employees Retirement System of Ohio Sells 19,847 Shares of Kinder Morgan, Inc. $KMI

Public Employees Retirement System of Ohio cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 580,704 shares of the pipeline company’s stock after selling 19,847 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Kinder Morgan were worth $18,565,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Evolution Wealth Management Inc. grew its stake in shares of Kinder Morgan by 4,166.7% during the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 750 shares during the period. Transamerica Financial Advisors LLC lifted its stake in Kinder Morgan by 72.9% in the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock valued at $25,000 after buying an additional 328 shares during the period. Commonwealth Retirement Investments LLC bought a new position in Kinder Morgan during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Kinder Morgan during the 1st quarter worth about $28,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.1%

Shares of KMI stock opened at $31.57 on Friday. The firm has a fifty day moving average of $32.03 and a 200-day moving average of $32.35. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The company has a market capitalization of $70.30 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 2.47 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 76.28%.

Insider Buying and Selling

In other news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Kinder Morgan stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the sale, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. This trade represents a 3.62% 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. In the last three months, insiders sold 13,882 shares of company stock worth $441,691. 12.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KMI. Citigroup reiterated a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. UBS Group restated a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their target price on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Hold” and a consensus target price of $35.50.

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.