National Pension Service Acquires 61,443 Shares of Kinder Morgan, Inc. $KMI

National Pension Service raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,047,059 shares of the pipeline company’s stock after acquiring an additional 61,443 shares during the period. National Pension Service’s holdings in Kinder Morgan were worth $97,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in Kinder Morgan by 4,591.3% during the 2nd quarter. California State Teachers Retirement System now owns 108,532,044 shares of the pipeline company’s stock worth $3,394,809,000 after purchasing an additional 106,218,591 shares during the last quarter. Norges Bank bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $1,132,125,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Kinder Morgan during the second quarter worth $239,397,000. AQR Capital Management LLC increased its position in shares of Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after buying an additional 5,333,986 shares during the period. Finally, Merewether Investment Management LP bought a new position in Kinder Morgan during the second quarter worth $138,477,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 1.3%

Shares of Kinder Morgan stock opened at $30.99 on Friday. The stock has a fifty day simple moving average of $31.91 and a 200 day simple moving average of $32.34. The company has a market capitalization of $69.01 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.22 and a beta of 0.56. 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, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Analysts Set New Price Targets

Several equities research analysts recently commented on KMI shares. Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. UBS Group reissued a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. Stifel Nicolaus assumed coverage on shares of Kinder Morgan in a research report on Wednesday. They set a “hold” rating and a $35.00 price objective for the company. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings downgraded shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $35.67.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the transaction, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. The trade was a 3.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. This trade represents a 3.58% 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. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.