ING Groep NV Sells 122,775 Shares of Kinder Morgan, Inc. $KMI

ING Groep NV lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 70.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 51,909 shares of the pipeline company’s stock after selling 122,775 shares during the period. ING Groep NV’s holdings in Kinder Morgan were worth $1,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Board of the Pension Protection Fund bought a new position in Kinder Morgan in the fourth quarter valued at about $27,000. Commonwealth Retirement Investments LLC bought a new position in Kinder Morgan in the fourth quarter valued at about $27,000. Dorato Capital Management bought a new position in Kinder Morgan in the fourth quarter valued at about $30,000. Basepoint Wealth LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth about $30,000. Finally, Strategic Advocates LLC bought a new stake in shares of Kinder Morgan during the third quarter worth about $32,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred 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 directly owned 43,293 shares in the company, valued at $1,456,809.45. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares in the company, valued at approximately $5,423,004.42. This trade represents a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,148 shares of company stock worth $752,089 over the last quarter. 12.72% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $31.31 on Wednesday. The business’s 50 day simple moving average is $32.37 and its 200 day simple moving average is $30.67. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The stock has a market capitalization of $69.66 billion, a PE ratio of 21.01, a PEG ratio of 2.61 and a beta of 0.54. 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 announced its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.55 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is currently 79.87%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Zacks Research upgraded Kinder Morgan from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Scotiabank boosted their price target on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Truist Financial assumed coverage on Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target on the stock. Barclays restated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Finally, Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two investment 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. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

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.