Life Cycle Investment Partners Ltd Buys Shares of 1,726,934 Kinder Morgan, Inc. $KMI

Life Cycle Investment Partners Ltd bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,726,934 shares of the pipeline company’s stock, valued at approximately $47,473,000.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Kinder Morgan by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock valued at $5,780,637,000 after acquiring an additional 2,165,130 shares during the period. Orbis Allan Gray Ltd lifted its holdings in Kinder Morgan by 3.1% in the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after acquiring an additional 670,856 shares during the period. Invesco Ltd. lifted its holdings in Kinder Morgan by 1.0% in the third quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock valued at $627,502,000 after acquiring an additional 216,039 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Kinder Morgan by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock valued at $468,588,000 after acquiring an additional 205,820 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Kinder Morgan by 1.4% in the third quarter. Legal & General Group Plc now owns 15,878,898 shares of the pipeline company’s stock valued at $449,532,000 after acquiring an additional 213,741 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.9%

NYSE KMI opened at $33.80 on Friday. The stock’s 50-day moving average price is $32.78 and its 200-day moving average price is $30.22. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The company has a market capitalization of $75.19 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping 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 firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter last year, the company earned $0.34 earnings per share. The business’s revenue for the quarter 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, equities research analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

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

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated 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 approximately $5,721,661.40. This trade represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated 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 $1,456,809.45. This represents 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 23,148 shares of company stock valued at $763,434 in the last quarter. 12.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent research reports. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Truist Financial initiated coverage on Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price on the stock. Zacks Research raised Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Mizuho raised their price objective on Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Finally, Jefferies Financial Group decreased their price objective on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

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.