OP Asset Management Ltd Takes Position in Kinder Morgan, Inc. $KMI

OP Asset Management Ltd purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 191,225 shares of the pipeline company’s stock, valued at approximately $6,412,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Board of the Pension Protection Fund acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $27,000. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $27,000. Acumen Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $28,000. Dorato Capital Management acquired a new stake in shares of Kinder Morgan during the 4th quarter worth $30,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth $30,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.2%

Shares of NYSE:KMI opened at $32.98 on Friday. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a market capitalization of $73.37 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54. 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 company has a fifty day moving average of $32.13 and a 200-day moving average of $31.08.

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, beating the consensus estimate of $0.38 by $0.10. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.During the same quarter last year, the business posted $0.34 EPS. Kinder Morgan’s revenue for the quarter was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio (DPR) is presently 79.87%.

Insider Activity at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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 business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the sale, the vice president directly owned 176,540 shares in the company, valued at $5,721,661.40. The trade was a 3.37% 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 23,148 shares of company stock valued at $749,206 in the last ninety days. 12.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMI. Morgan Stanley boosted their price target on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. UBS Group restated a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a research report on Monday, June 15th. Citigroup upped their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Finally, Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.71.

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.