Louisiana State Employees Retirement System Invests $3.35 Million in Kinder Morgan, Inc. $KMI

Louisiana State Employees Retirement System bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the first quarter, HoldingsChannel.com reports. The fund bought 99,800 shares of the pipeline company’s stock, valued at approximately $3,346,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMI. Huntington National Bank lifted its stake in shares of Kinder Morgan by 14.4% during the 3rd quarter. Huntington National Bank now owns 252,210 shares of the pipeline company’s stock worth $7,140,000 after buying an additional 31,662 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 205,820 shares during the period. Benjamin Edwards Inc. raised its holdings in Kinder Morgan by 14.4% in the 4th quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock valued at $12,849,000 after acquiring an additional 59,013 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Kinder Morgan by 44.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,135,863 shares of the pipeline company’s stock worth $29,523,000 after acquiring an additional 350,348 shares during the last quarter. Finally, Oak Grove Capital LLC boosted its holdings in shares of Kinder Morgan by 23.3% during the third quarter. Oak Grove Capital LLC now owns 277,400 shares of the pipeline company’s stock worth $7,853,000 after acquiring an additional 52,500 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares in the company, valued at approximately $5,423,004.42. The trade was a 3.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was 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 of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. 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 23,148 shares of company stock valued at $749,206 in the last ninety days. 12.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on KMI shares. Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Morgan Stanley increased their price objective on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, March 13th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.71.

Kinder Morgan Trading Up 0.5%

Shares of NYSE:KMI opened at $33.19 on Friday. The business’s 50 day simple moving average is $32.16 and its 200 day simple moving average is $31.10. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. 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 company has a market capitalization of $73.84 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.76 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s payout ratio is presently 79.87%.

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.