Oak Grove Capital LLC Has $9.58 Million Stake in Kinder Morgan, Inc. $KMI

Oak Grove Capital LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 25.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 348,400 shares of the pipeline company’s stock after buying an additional 71,000 shares during the quarter. Kinder Morgan accounts for approximately 1.1% of Oak Grove Capital LLC’s investment portfolio, making the stock its 20th biggest holding. Oak Grove Capital LLC’s holdings in Kinder Morgan were worth $9,578,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. TD Capital Management LLC raised its position in Kinder Morgan by 36.0% in the 4th quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock valued at $34,000 after buying an additional 323 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in Kinder Morgan by 13.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after acquiring an additional 329 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Kinder Morgan by 4.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock worth $232,000 after acquiring an additional 333 shares in the last quarter. Waddell & Associates LLC raised its holdings in shares of Kinder Morgan by 1.3% in the fourth quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock valued at $720,000 after purchasing an additional 336 shares during the last quarter. Finally, Abbot Financial Management Inc. raised its holdings in shares of Kinder Morgan by 0.8% in the fourth quarter. Abbot Financial Management Inc. now owns 44,707 shares of the pipeline company’s stock valued at $1,229,000 after purchasing an additional 338 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Up 0.8%

NYSE KMI opened at $31.58 on Friday. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The stock has a 50 day moving average of $32.14 and a 200-day moving average of $30.91. The company has a market cap of $70.27 billion, a PE ratio of 21.20, a PEG ratio of 2.61 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last issued 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 net margin of 18.92% and a return on equity of 9.90%. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The firm’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 research analysts anticipate that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

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

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the sale, the vice president directly owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 firm’s stock in a transaction dated 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 sale, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This trade represents a 3.58% 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. Over the last ninety days, insiders sold 23,148 shares of company stock worth $749,206. 12.72% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays restated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, March 13th. Morgan Stanley increased their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company raised their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Finally, UBS Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $34.53.

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.