Maryland State Retirement & Pension System Has $62.48 Million Stake in Kinder Morgan, Inc. $KMI

Maryland State Retirement & Pension System lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,863,368 shares of the pipeline company’s stock after selling 78,665 shares during the period. Kinder Morgan accounts for approximately 1.3% of Maryland State Retirement & Pension System’s investment portfolio, making the stock its 13th biggest holding. Maryland State Retirement & Pension System’s holdings in Kinder Morgan were worth $62,479,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in KMI. Board of the Pension Protection Fund bought a new stake in Kinder Morgan in the 4th quarter valued at $27,000. Commonwealth Retirement Investments LLC bought a new position in Kinder Morgan during the 4th quarter worth $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $28,000. Dorato Capital Management acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $30,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $30,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the sale, the vice president owned 176,540 shares in the company, valued at $5,721,661.40. This represents a 3.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,148 shares of company stock valued at $742,855 over the last 90 days. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $32.58 on Wednesday. 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, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The firm has a market cap of $72.49 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.68 and a beta of 0.54. The business’s fifty day moving average is $32.23 and its 200-day moving average is $31.58.

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

Kinder Morgan Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on KMI shares. Truist Financial assumed coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target on the stock. Jefferies Financial Group dropped their price objective on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Scotiabank raised their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Finally, Citigroup lifted their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Eight equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.71.

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.