Resona Asset Management Co. Ltd. Sells 30,588 Shares of Kinder Morgan, Inc. $KMI

Resona Asset Management Co. Ltd. cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.9% in the fourth quarter, HoldingsChannel reports. The fund owned 596,368 shares of the pipeline company’s stock after selling 30,588 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Kinder Morgan were worth $16,383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KMI. Providence Capital Advisors LLC purchased a new position in Kinder Morgan in the 3rd quarter worth approximately $2,674,000. Meixler Investment Management Ltd. purchased a new position in Kinder Morgan in the 3rd quarter worth approximately $1,882,000. HighTower Advisors LLC lifted its holdings in Kinder Morgan by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock worth $34,874,000 after purchasing an additional 46,396 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in Kinder Morgan by 15.6% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock worth $352,519,000 after purchasing an additional 1,682,241 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in Kinder Morgan by 12.9% in the 3rd quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company’s stock worth $24,605,000 after purchasing an additional 99,540 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Down 2.1%

Shares of KMI opened at $33.60 on Thursday. The stock has a market capitalization of $74.76 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 2.93 and a beta of 0.56. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The business’s 50 day simple moving average is $32.76 and its 200-day simple moving average is $30.14. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share 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 for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The business’s revenue 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. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

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

Kinder Morgan News Summary

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: Kinder Morgan increased its quarterly dividend to $0.2975 per share from $0.29, reinforcing its appeal as a steady income stock for investors seeking yield. The raise supports the view that cash flow remains strong and that management is prioritizing shareholder returns.
• Positive Sentiment: The company’s latest earnings beat was strong, with EPS of $0.48 topping estimates of $0.38 and revenue rising 13.8% year over year to $4.83 billion, which suggests its pipeline and terminal business is still performing well.
• Positive Sentiment: Institutional ownership remains high, and recent fund buying shows some investors continue to add exposure to KMI, which can help support sentiment around the stock.
• Neutral Sentiment: Analyst coverage remains mixed but constructive overall, with a consensus rating of “Moderate Buy” and a target price near the current trading range. That indicates Wall Street sees limited upside, but not a major deterioration in the story.
• Negative Sentiment: VP Michael Garthwaite sold 1,550 shares in a pre-arranged 10b5-1 transaction, which is not a strong negative signal on its own, but insider selling can still weigh on investor sentiment near all-time highs.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on 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 in the company, valued at $1,456,809.45. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value 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. The trade was a 3.37% 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. In the last quarter, insiders sold 23,148 shares of company stock worth $763,434. Insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMI. Stifel Nicolaus boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Truist Financial began coverage on Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target on the stock. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Wells Fargo & Company boosted 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. Finally, Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $34.20.

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.