Healthcare of Ontario Pension Plan Trust Fund Has $23.32 Million Stake in Kinder Morgan, Inc. $KMI

Healthcare of Ontario Pension Plan Trust Fund decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 48.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 848,395 shares of the pipeline company’s stock after selling 800,014 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kinder Morgan were worth $23,322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Landscape Capital Management L.L.C. raised its stake in shares of Kinder Morgan by 774.4% in the 4th quarter. Landscape Capital Management L.L.C. now owns 178,288 shares of the pipeline company’s stock valued at $4,901,000 after purchasing an additional 157,899 shares during the period. Entropy Technologies LP acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $5,411,000. Aurora Investment Counsel raised its stake in shares of Kinder Morgan by 2.1% in the 4th quarter. Aurora Investment Counsel now owns 73,839 shares of the pipeline company’s stock valued at $2,030,000 after purchasing an additional 1,515 shares during the period. Brown Advisory Inc. raised its stake in shares of Kinder Morgan by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 1,028,427 shares of the pipeline company’s stock valued at $28,271,000 after purchasing an additional 11,246 shares during the period. Finally, Brasada Capital Management LP raised its stake in shares of Kinder Morgan by 2.6% in the 4th quarter. Brasada Capital Management LP now owns 39,000 shares of the pipeline company’s stock valued at $1,072,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on KMI. Zacks Research raised Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. UBS Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a research report on Monday. Truist Financial began coverage on Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price on the stock. Finally, Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.53.

Kinder Morgan Trading Down 1.6%

Kinder Morgan stock opened at $31.43 on Tuesday. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. 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 $69.93 billion, a P/E ratio of 21.09, a PEG ratio of 2.66 and a beta of 0.54. The stock has a 50-day simple moving average of $32.25 and a 200 day simple moving average of $30.81.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 company posted $0.34 earnings per share. Kinder Morgan’s quarterly revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $0.2975 dividend. The ex-dividend date of this dividend was Monday, May 4th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s payout ratio is currently 79.87%.

Insider Activity

In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president directly owned 43,293 shares of the company’s stock, valued at $1,456,809.45. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $32.93, for a total transaction of $203,046.38. Following the completion of the transaction, the vice president directly owned 182,706 shares in the company, valued at $6,016,508.58. The trade was a 3.26% 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. Insiders sold 21,598 shares of company stock worth $700,474 over the last three months. Insiders own 12.72% of the company’s stock.

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.