Danske Bank A S Buys Shares of 103,984 Kinder Morgan, Inc. $KMI

Danske Bank A S acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, Holdings Channel reports. The fund acquired 103,984 shares of the pipeline company’s stock, valued at approximately $3,324,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. boosted its stake in Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 750 shares during the period. Commonwealth Retirement Investments LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter valued at approximately $28,000. Acumen Wealth Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth approximately $28,000. Finally, Basepoint Wealth LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth approximately $30,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the 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 sale, the vice president directly owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,882 shares of company stock worth $441,691 in the last quarter. 12.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KMI has been the topic of several research analyst reports. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Zacks Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.50.

Kinder Morgan Price Performance

KMI stock opened at $30.99 on Friday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The firm has a 50-day moving average of $32.03 and a two-hundred day moving average of $32.31. The firm has a market capitalization of $69.01 billion, a PE ratio of 19.87, a P/E/G ratio of 2.47 and a beta of 0.54. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.

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.