PNC Financial Services Group Inc. Grows Stock Holdings in Kinder Morgan, Inc. $KMI

PNC Financial Services Group Inc. raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 450,900 shares of the pipeline company’s stock after buying an additional 16,200 shares during the period. PNC Financial Services Group Inc.’s holdings in Kinder Morgan were worth $12,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Board of the Pension Protection Fund purchased a new position in shares of Kinder Morgan during the fourth quarter worth $27,000. Dorato Capital Management purchased a new position in shares of Kinder Morgan during the fourth quarter worth $30,000. Strategic Advocates LLC purchased a new position in shares of Kinder Morgan during the third quarter worth $32,000. Torren Management LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth $32,000. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on KMI. Scotiabank increased their price objective on Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. Zacks Research upgraded Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Stifel Nicolaus increased their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. Morgan Stanley lifted their price objective on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the business’s 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 completion of the sale, the vice president owned 176,540 shares in the company, valued at $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president owned 43,293 shares of the company’s stock, valued at approximately $1,456,809.45. The trade was a 3.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 23,148 shares of company stock valued at $763,434 over the last ninety days. 12.72% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

Shares of KMI opened at $33.80 on Friday. The stock has a 50-day simple moving average of $32.78 and a 200-day simple moving average of $30.22. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The stock has a market capitalization of $75.19 billion, a PE ratio of 22.68, a PEG ratio of 2.89 and a beta of 0.56. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.55 billion. During the same quarter last year, the business posted $0.34 EPS. The business’s quarterly revenue 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. On average, analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.2975 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan’s dividend payout ratio (DPR) is presently 79.87%.

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.