Lansforsakringar Fondforvaltning AB publ Boosts Stake in Kinder Morgan, Inc. $KMI

Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.8% in the 1st quarter, Holdings Channel reports. The fund owned 647,005 shares of the pipeline company’s stock after acquiring an additional 23,493 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Kinder Morgan were worth $21,694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. North Star Investment Management Corp. lifted its stake in shares of Kinder Morgan by 3.0% in the first quarter. North Star Investment Management Corp. now owns 136,421 shares of the pipeline company’s stock worth $4,574,000 after acquiring an additional 4,013 shares in the last quarter. 3Chopt Investment Partners LLC acquired a new stake in Kinder Morgan during the 1st quarter valued at approximately $326,000. Apollon Wealth Management LLC grew its stake in Kinder Morgan by 4.6% during the 1st quarter. Apollon Wealth Management LLC now owns 97,462 shares of the pipeline company’s stock valued at $3,268,000 after purchasing an additional 4,292 shares in the last quarter. Pasadena Private Wealth LLC purchased a new stake in Kinder Morgan during the 1st quarter worth approximately $217,000. Finally, apricus wealth LLC increased its holdings in Kinder Morgan by 0.9% during the 1st quarter. apricus wealth LLC now owns 114,233 shares of the pipeline company’s stock worth $3,830,000 after purchasing an additional 1,055 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KMI. Weiss Ratings downgraded shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. UBS Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Royal Bank Of Canada increased their price objective on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Morgan Stanley increased their target price on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Jefferies Financial Group decreased their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.71.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $31.97 on Wednesday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The stock has a fifty day moving average of $32.17 and a 200-day moving average of $31.20. The company has a market capitalization of $71.12 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.69 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.

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 during the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the prior year, the business posted $0.34 earnings per share. Kinder Morgan’s revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities 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. Shareholders of record on Monday, May 4th were paid a dividend of $0.2975 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s payout ratio is currently 79.87%.

Insider Activity

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 transaction of $48,732.00. Following the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total value of $199,840.06. Following the completion of the sale, the vice president owned 176,540 shares of the company’s stock, valued at $5,721,661.40. The trade was a 3.37% decrease in their position. 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 quarter, insiders sold 23,148 shares of company stock valued at $749,206. Corporate insiders own 12.72% of the company’s stock.

About Kinder Morgan

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.