Mirae Asset Global Investments Co. Ltd. Has $14.03 Million Stake in Kinder Morgan, Inc. $KMI

Mirae Asset Global Investments Co. Ltd. increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 10.5% in the 2nd quarter, Holdings Channel reports. The firm owned 438,959 shares of the pipeline company’s stock after purchasing an additional 41,563 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kinder Morgan were worth $14,034,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. IRON Financial LLC lifted its stake in shares of Kinder Morgan by 8.0% in the second quarter. IRON Financial LLC now owns 7,322 shares of the pipeline company’s stock worth $234,000 after buying an additional 543 shares during the last quarter. Drive Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 44.0% during the 2nd quarter. Drive Wealth Management LLC now owns 14,109 shares of the pipeline company’s stock worth $451,000 after buying an additional 4,309 shares during the period. Evolution Wealth Management Inc. raised its holdings in Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 750 shares during the period. Greenleaf Trust raised its holdings in Kinder Morgan by 1.0% in the 2nd quarter. Greenleaf Trust now owns 68,370 shares of the pipeline company’s stock worth $2,186,000 after acquiring an additional 655 shares during the period. Finally, LS Investment Advisors LLC lifted its position in Kinder Morgan by 9.5% during the 2nd quarter. LS Investment Advisors LLC now owns 38,571 shares of the pipeline company’s stock worth $1,233,000 after acquiring an additional 3,351 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. This trade represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 15,432 shares of company stock worth $493,849. 12.72% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 1.3%

Shares of KMI opened at $32.14 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The company has a 50-day simple moving average of $31.97 and a 200-day simple moving average of $32.23. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81. The firm has a market capitalization of $71.57 billion, a P/E ratio of 20.60, a P/E/G ratio of 2.57 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 10.8% 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 expect that Kinder Morgan, Inc. will post 1.54 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wells Fargo & Company boosted their price objective on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Finally, UBS Group reissued a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan has an average rating of “Hold” and an average price target of $35.50.

About Kinder Morgan

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.