Sumitomo Mitsui Trust Group Inc. Has $149.62 Million Stock Position in Kinder Morgan, Inc. $KMI

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% in the first quarter, Holdings Channel reports. The firm owned 4,462,278 shares of the pipeline company’s stock after selling 178,013 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Kinder Morgan were worth $149,620,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KMI. Board of the Pension Protection Fund bought a new position in shares of Kinder Morgan in the fourth quarter valued at $27,000. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Acumen Wealth Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $28,000. Dorato Capital Management bought a new stake in Kinder Morgan in the 4th quarter valued at $30,000. Finally, Basepoint Wealth LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $30,000. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% 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. Over the last ninety days, insiders sold 23,148 shares of company stock worth $742,855. Insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on KMI shares. Truist Financial initiated coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective for the company. Wells Fargo & Company lifted their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada upped their target price on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, March 30th. Finally, Jefferies Financial Group cut their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Eight research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and an average price target of $34.71.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $32.39 on Friday. The business’s 50-day moving average price is $32.24 and its 200-day moving average price is $31.47. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The firm has a market capitalization of $72.06 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.70 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the prior year, the company posted $0.34 EPS. The company’s 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. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. The ex-dividend date 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 yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is currently 79.87%.

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.