National Pension Service Sells 715,166 Shares of Kinder Morgan, Inc. $KMI

National Pension Service reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,065,537 shares of the pipeline company’s stock after selling 715,166 shares during the quarter. National Pension Service owned 0.18% of Kinder Morgan worth $119,527,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new position in Kinder Morgan in the second quarter worth approximately $26,000. Cranbrook Wealth Management LLC grew its position in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the period. Wolff Wiese Magana LLC purchased a new stake in shares of Kinder Morgan in the 2nd quarter worth $34,000. Clearstead Trust LLC bought a new position in Kinder Morgan in the 1st quarter worth $40,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Kinder Morgan during the first quarter valued at $46,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.3%

Shares of KMI stock opened at $27.03 on Thursday. The stock’s 50-day moving average price is $27.18 and its 200-day moving average price is $27.42. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The stock has a market capitalization of $60.14 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Analyst Ratings Changes

KMI has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday. Scotiabank reduced their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a research report on Thursday, October 9th. Finally, Jefferies Financial Group started coverage on shares of Kinder Morgan in a research report on Thursday, October 9th. They set a “hold” rating and a $30.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.19.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president directly owned 213,536 shares in the company, valued at $5,765,472. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the purchase, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. Insiders own 12.73% of the company’s stock.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.