Legal & General Group Plc Has $460.56 Million Position in Kinder Morgan, Inc. $KMI

Legal & General Group Plc boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,665,157 shares of the pipeline company’s stock after buying an additional 45,789 shares during the quarter. Legal & General Group Plc’s holdings in Kinder Morgan were worth $460,556,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. Cranbrook Wealth Management LLC lifted its stake in Kinder Morgan by 116.1% in the second 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 2nd quarter valued at about $34,000. Clearstead Trust LLC acquired a new stake in Kinder Morgan in the 1st quarter valued at about $40,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Kinder Morgan in the first quarter valued at approximately $46,000. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the transaction, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. This represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were bought at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the purchase, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. The trade was a 0.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 1.0%

KMI opened at $26.98 on Friday. The stock has a market capitalization of $60.02 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The company has a 50-day simple moving average of $27.18 and a 200 day simple moving average of $27.43.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. 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 was paid on Monday, November 17th. Investors of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Analyst Ratings Changes

A number of research firms recently weighed in on KMI. Stifel Nicolaus increased their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Friday, July 25th. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a report on Thursday, October 9th. Mizuho dropped their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Finally, Jefferies Financial Group started coverage on shares of Kinder Morgan in a research report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price for the company. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.19.

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.