Rakuten Investment Management Inc. purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 77,378 shares of the pipeline company’s stock, valued at approximately $2,191,000.
A number of other hedge funds have also modified their holdings of KMI. Creative Financial Designs Inc. ADV lifted its stake in Kinder Morgan by 14.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock valued at $83,000 after buying an additional 357 shares in the last quarter. L.M. Kohn & Company lifted its position in shares of Kinder Morgan by 3.4% in the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock valued at $322,000 after acquiring an additional 360 shares in the last quarter. Golden State Equity Partners boosted its stake in shares of Kinder Morgan by 2.2% during the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock valued at $485,000 after acquiring an additional 368 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its position in Kinder Morgan by 4.2% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock worth $276,000 after purchasing an additional 374 shares in the last quarter. Finally, QTR Family Wealth LLC raised its stake in Kinder Morgan by 2.7% in the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after purchasing an additional 377 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.
Kinder Morgan Trading Down 0.4%
KMI stock opened at $29.58 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The company has a market cap of $65.80 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.44 and a beta of 0.69. The business has a fifty day simple moving average of $27.27 and a 200-day simple moving average of $27.23. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $30.56.
Kinder Morgan Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is 95.90%.
Insider Activity at Kinder Morgan
In other Kinder Morgan news, Chairman Richard D. Kinder purchased 1,000,000 shares of Kinder Morgan stock in a transaction on Monday, October 27th. The shares were purchased at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the transaction, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis acquired 3,800 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was acquired at an average cost of $26.23 per share, with a total value of $99,674.00. Following the transaction, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. 12.73% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. UBS Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday. Royal Bank Of Canada increased their price target on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Scotiabank lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Mizuho dropped their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.07.
Key Kinder Morgan News
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: Record Q4 and full‑year results — KMI reported higher revenue and EPS that beat consensus, with strong Natural Gas Pipelines contributions and a larger backlog that helped drive a jump in net income. Kinder Morgan Posts Record Earnings
- Positive Sentiment: Structural LNG tailwinds/backlog — management cites rising LNG feed‑gas demand and a >$10B project backlog that should underpin multi‑year cash flow and project EBITDA as new projects come online. LNG feed gas demand & backlog
- Positive Sentiment: Dividend and capital returns — KMI declared the quarterly dividend (maintains a ~4% yield) and reiterated capital allocation that supports distributions while funding growth projects.
- Positive Sentiment: Insiders and buying signals — recent insider purchases (including Amy W. Chronis and others) and elevated call‑option activity signal some bullish conviction from traders. Amy Chronis purchase
- Neutral Sentiment: Asset sale — KMI sold its Eagle Ford JV stake for ~$396M to BPX, which raises near‑term cash and simplifies upstream exposure; impact on long‑term earnings depends on redeployment. Eagle Ford sale
- Neutral Sentiment: Analyst/price target moves — modest target increases and “sector perform” notes (e.g., Scotiabank) reflect cautious optimism but limited near‑term upside. Price target update
- Negative Sentiment: Cautious guidance — management issued relatively conservative near‑term guidance despite the strong quarter, which can cap investor enthusiasm for an immediate rerating. MarketBeat: cautious guidance
- Negative Sentiment: Mixed insider activity — while some insiders bought, Quiver/filings show multiple executive share sales in recent months, which can be read as profit‑taking by some market participants. Quiver insider activity
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.
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