Kinder Morgan, Inc. $KMI Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 48.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,696,619 shares of the pipeline company’s stock after buying an additional 556,249 shares during the period. NEOS Investment Management LLC’s holdings in Kinder Morgan were worth $54,241,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. AXQ Capital LP boosted its holdings in Kinder Morgan by 7.3% in the 2nd quarter. AXQ Capital LP now owns 46,758 shares of the pipeline company’s stock worth $1,495,000 after acquiring an additional 3,187 shares during the period. iSAM Funds UK Ltd purchased a new stake in shares of Kinder Morgan during the second quarter valued at approximately $812,000. Continuum Advisory LLC purchased a new stake in shares of Kinder Morgan during the second quarter valued at approximately $235,000. Nykredit A S acquired a new position in shares of Kinder Morgan during the second quarter worth $4,823,000. Finally, Pacifica Partners Inc. boosted its stake in shares of Kinder Morgan by 4.0% in the second quarter. Pacifica Partners Inc. now owns 156,716 shares of the pipeline company’s stock valued at $5,024,000 after purchasing an additional 6,020 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 1.1%

NYSE:KMI opened at $31.61 on Friday. The company has a market cap of $70.39 billion, a PE ratio of 20.26, a P/E/G ratio of 2.26 and a beta of 0.56. The business’s 50 day moving average is $31.98 and its two-hundred day moving average is $32.37. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the company posted $0.28 EPS. The business’s revenue was up 10.8% 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 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued 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 76.28%.

Analyst Ratings Changes

Several research firms recently issued reports on KMI. UBS Group reaffirmed a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.50.

Insider Transactions at Kinder Morgan

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

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.