Oregon Public Employees Retirement Fund Increases Stake in Kinder Morgan, Inc. $KMI

Oregon Public Employees Retirement Fund grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 33.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 223,557 shares of the pipeline company’s stock after purchasing an additional 56,230 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kinder Morgan were worth $6,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new stake in Kinder Morgan in the 2nd quarter valued at $26,000. Cranbrook Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 562 shares during the last quarter. Wolff Wiese Magana LLC purchased a new position in shares of Kinder Morgan during the second quarter valued at about $34,000. CoreFirst Bank & Trust bought a new stake in shares of Kinder Morgan in the second quarter worth about $35,000. Finally, Private Wealth Management Group LLC increased its holdings in shares of Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, Director Amy W. Chronis acquired 3,800 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares in the company, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the transaction, the vice president owned 201,204 shares of the company’s stock, valued at $5,531,097.96. This trade represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have bought 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $507,462. 12.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Jefferies Financial Group dropped their price target on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, December 23rd. UBS Group reiterated a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Finally, BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.14 on Friday. The firm has a market capitalization of $60.37 billion, a PE ratio of 22.24, a PEG ratio of 2.24 and a beta of 0.69. The stock’s fifty day moving average is $26.97 and its 200 day moving average is $27.25. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Kinder Morgan Company 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.