Illinois Municipal Retirement Fund Grows Stock Holdings in Kinder Morgan, Inc. $KMI

Illinois Municipal Retirement Fund grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 644,656 shares of the pipeline company’s stock after acquiring an additional 78,784 shares during the period. Illinois Municipal Retirement Fund’s holdings in Kinder Morgan were worth $17,722,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KMI. Board of the Pension Protection Fund purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Dorato Capital Management purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $30,000. Basepoint Wealth LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $30,000. Finally, Strategic Advocates LLC bought a new position in shares of Kinder Morgan in the third quarter worth approximately $32,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 1.7%

Shares of NYSE KMI opened at $31.87 on Thursday. The company has a market cap of $70.91 billion, a PE ratio of 21.39, a P/E/G ratio of 2.61 and a beta of 0.54. The firm’s 50 day moving average price is $32.34 and its 200-day moving average price is $30.71. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. The ex-dividend date of this dividend was Monday, May 4th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio is presently 79.87%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KMI. Jefferies Financial Group dropped their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday. Morgan Stanley upped their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company upped their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.20.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president owned 43,293 shares of the company’s stock, valued at approximately $1,456,809.45. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 the firm’s stock in a transaction dated Friday, June 5th. The stock was 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 $5,423,004.42. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 23,148 shares of company stock valued at $752,089. 12.72% of the stock is owned by company insiders.

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.