Rockefeller Capital Management L.P. Increases Stock Position in Kinder Morgan, Inc. $KMI

Rockefeller Capital Management L.P. lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,839,433 shares of the pipeline company’s stock after purchasing an additional 98,288 shares during the period. Rockefeller Capital Management L.P.’s holdings in Kinder Morgan were worth $78,056,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at about $308,000. Schnieders Capital Management LLC. increased its position in Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after purchasing an additional 7,081 shares in the last quarter. NewEdge Advisors LLC increased its position in Kinder Morgan by 2.1% during the 2nd quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock worth $7,964,000 after purchasing an additional 5,586 shares in the last quarter. Nebula Research & Development LLC purchased a new position in Kinder Morgan in the second quarter valued at approximately $1,168,000. Finally, Sei Investments Co. lifted its position in Kinder Morgan by 20.4% during the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock valued at $25,328,000 after buying an additional 145,806 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. The trade was 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 have sold a total of 23,148 shares of company stock worth $749,206 in the last ninety days. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Stock Down 0.0%

NYSE KMI opened at $31.58 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The business has a 50 day moving average price of $32.11 and a two-hundred day moving average price of $30.91. The stock has a market cap of $70.27 billion, a PE ratio of 21.20, a P/E/G ratio of 2.63 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The business’s quarterly 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, sell-side 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. Investors of record on Monday, May 4th were issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.

Analyst Ratings Changes

Several research firms have issued reports on KMI. Jefferies Financial Group decreased their price objective on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. UBS Group restated a “buy” rating and set a $43.00 target price on shares of Kinder Morgan in a report on Monday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Zacks Research upgraded Kinder Morgan from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, 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 research report on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $34.53.

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.