Strs Ohio Sells 147,132 Shares of Kinder Morgan, Inc. $KMI

Strs Ohio cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.1% in the third quarter, Holdings Channel reports. The institutional investor owned 768,501 shares of the pipeline company’s stock after selling 147,132 shares during the period. Strs Ohio’s holdings in Kinder Morgan were worth $21,756,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $1,162,802,000. Merewether Investment Management LP bought a new position in Kinder Morgan in the second quarter valued at $138,477,000. 59 North Capital Management LP increased its stake in Kinder Morgan by 54.5% in the 2nd quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock valued at $311,563,000 after buying an additional 3,739,398 shares during the last quarter. Marshall Wace LLP lifted its position in Kinder Morgan by 364.8% during the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock worth $122,461,000 after buying an additional 3,269,284 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after buying an additional 3,070,609 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan News Roundup

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

• Positive Sentiment: Record Q4 and full?year results — KMI reported higher revenue and EPS that beat consensus, with strong Natural Gas Pipelines contributions and a larger backlog that helped drive a jump in net income. Kinder Morgan Posts Record Earnings
• Positive Sentiment: Structural LNG tailwinds/backlog — management cites rising LNG feed?gas demand and a >$10B project backlog that should underpin multi?year cash flow and project EBITDA as new projects come online. LNG feed gas demand & backlog
• Positive Sentiment: Dividend and capital returns — KMI declared the quarterly dividend (maintains a ~4% yield) and reiterated capital allocation that supports distributions while funding growth projects.
• Positive Sentiment: Insiders and buying signals — recent insider purchases (including Amy W. Chronis and others) and elevated call?option activity signal some bullish conviction from traders. Amy Chronis purchase
• Neutral Sentiment: Asset sale — KMI sold its Eagle Ford JV stake for ~$396M to BPX, which raises near?term cash and simplifies upstream exposure; impact on long?term earnings depends on redeployment. Eagle Ford sale
• Neutral Sentiment: Analyst/price target moves — modest target increases and “sector perform” notes (e.g., Scotiabank) reflect cautious optimism but limited near?term upside. Price target update
• Negative Sentiment: Cautious guidance — management issued relatively conservative near?term guidance despite the strong quarter, which can cap investor enthusiasm for an immediate rerating. MarketBeat: cautious guidance
• Negative Sentiment: Mixed insider activity — while some insiders bought, Quiver/filings show multiple executive share sales in recent months, which can be read as profit?taking by some market participants. Quiver insider activity

Insider Buying and Selling

In other news, Chairman Richard D. Kinder purchased 1,000,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 27th. The stock was acquired at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the purchase, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Amy W. Chronis acquired 3,800 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the acquisition, the director owned 39,051 shares in the company, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $507,462. 12.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KMI shares. Jefferies Financial Group lifted their target price on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday. UBS Group reiterated a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a research note on Friday, December 12th. Royal Bank Of Canada increased their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Mizuho lowered their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Finally, Morgan Stanley set a $35.00 price target on shares of Kinder Morgan in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.07.

Kinder Morgan Stock Performance

NYSE KMI opened at $29.58 on Friday. The stock has a market cap of $65.80 billion, a PE ratio of 21.59, a P/E/G ratio of 2.43 and a beta of 0.69. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. The firm has a 50-day moving average of $27.27 and a 200-day moving average of $27.22. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $30.56.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. Kinder Morgan’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.2925 per share. The ex-dividend date is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.0%. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

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.