Public Employees Retirement System of Ohio Sells 19,847 Shares of Kinder Morgan, Inc. $KMI

Public Employees Retirement System of Ohio decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.3% during the 2nd quarter, Holdings Channel reports. The firm owned 580,704 shares of the pipeline company’s stock after selling 19,847 shares during the period. Public Employees Retirement System of Ohio’s holdings in Kinder Morgan were worth $18,565,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. lifted its stake in Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 750 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in Kinder Morgan by 72.9% during the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 328 shares during the period. Frazier Financial Advisors LLC acquired a new position in Kinder Morgan in the 1st quarter valued at about $28,000. Bell Investment Advisors Inc raised its holdings in Kinder Morgan by 112.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 500 shares during the period. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Citigroup reiterated a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Morgan Stanley set a $38.00 target price on Kinder Morgan in a report on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Hold” and an average target price of $35.50.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the sale, the vice president directly owned 170,374 shares in the company, valued at $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing 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 business’s 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 completion of the transaction, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,882 shares of company stock worth $441,691 in the last 90 days. 12.72% of the stock is owned by company insiders.

Kinder Morgan Trading Up 0.1%

Shares of KMI stock opened at $31.57 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The stock has a market cap of $70.30 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54. The stock has a 50 day simple moving average of $32.03 and a 200 day simple moving average of $32.35. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a $0.2975 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

Kinder Morgan Company 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.