Oregon Public Employees Retirement Fund Acquires 56,230 Shares of Kinder Morgan, Inc. $KMI

Oregon Public Employees Retirement Fund lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 33.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,557 shares of the pipeline company’s stock after purchasing an additional 56,230 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kinder Morgan were worth $6,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KMI. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan in the 2nd quarter worth about $26,000. Cranbrook Wealth Management LLC boosted its holdings 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 last quarter. Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan in the second quarter worth approximately $34,000. CoreFirst Bank & Trust purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $35,000. Finally, Private Wealth Management Group LLC lifted its position in Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 595 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.14 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. The stock has a 50-day simple moving average of $26.97 and a two-hundred day simple moving average of $27.25. The firm has a market capitalization of $60.37 billion, a PE ratio of 22.24, a P/E/G ratio of 2.24 and a beta of 0.69. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the transaction, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was acquired at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the purchase, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This represents a 0.41% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. 12.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KMI shares. Scotiabank cut 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 research report on Friday, September 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. BMO Capital Markets initiated coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Mizuho dropped their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Finally, Jefferies Financial Group cut their price target on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, December 23rd. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.20.

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.