Northwestern Mutual Wealth Management Co. Increases Stake in Kinder Morgan, Inc. $KMI

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.1% in the 4th quarter, Holdings Channel reports. The fund owned 386,064 shares of the pipeline company’s stock after buying an additional 53,590 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Kinder Morgan were worth $10,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Providence Capital Advisors LLC acquired a new stake in Kinder Morgan in the third quarter valued at approximately $2,674,000. Meixler Investment Management Ltd. acquired a new stake in Kinder Morgan in the third quarter valued at approximately $1,882,000. HighTower Advisors LLC grew its holdings in Kinder Morgan by 3.9% in the third quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock valued at $34,874,000 after purchasing an additional 46,396 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in Kinder Morgan by 15.6% in the third quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock valued at $352,519,000 after purchasing an additional 1,682,241 shares during the period. Finally, Cibc World Market Inc. grew its holdings in Kinder Morgan by 12.9% in the third quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company’s stock valued at $24,605,000 after purchasing an additional 99,540 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $32.93, for a total value of $203,046.38. Following the transaction, the vice president owned 182,706 shares of the company’s stock, valued at $6,016,508.58. This represents a 3.26% decrease in their position. The sale 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 Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the transaction, the vice president directly owned 43,293 shares in the company, valued at approximately $1,456,809.45. This trade represents a 3.46% 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. Insiders have sold 23,148 shares of company stock worth $763,434 in the last three months. 12.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KMI shares. Royal Bank Of Canada lifted their price target on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Truist Financial started coverage on Kinder Morgan in a research note on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price target on the stock. 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 research note on Friday, March 13th. Stifel Nicolaus lifted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Finally, Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

Kinder Morgan Stock Performance

NYSE KMI opened at $30.85 on Tuesday. The stock’s fifty day moving average is $32.65 and its two-hundred day moving average is $30.49. The firm has a market capitalization of $68.64 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 2.59 and a beta of 0.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, research analysts anticipate 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. Shareholders of record on Monday, May 4th were paid a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.9%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s dividend payout ratio is presently 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.