State Street Corp Has $4.18 Billion Position in Kinder Morgan, Inc. $KMI

State Street Corp grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,863,419 shares of the pipeline company’s stock after acquiring an additional 5,361,578 shares during the period. State Street Corp owned 5.88% of Kinder Morgan worth $4,183,704,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of KMI. Evolution Wealth Management Inc. lifted its holdings in Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after buying an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in shares of 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 acquiring an additional 328 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter worth $28,000. Bell Investment Advisors Inc lifted its stake in shares of Kinder Morgan by 112.1% during the second 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 in the fourth quarter worth about $27,000. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the sale, the vice president directly owned 48,863 shares of the company’s stock, valued at $1,504,980.40. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the transaction, the vice president owned 164,208 shares in the company, valued at $5,238,235.20. This represents a 3.62% 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. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI stock traded down $0.33 on Tuesday, reaching $31.39. The company had a trading volume of 4,425,226 shares, compared to its average volume of 12,202,580. The stock has a market capitalization of $69.89 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.24 and a beta of 0.56. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The business’s 50-day moving average is $31.76 and its 200 day moving average is $32.24. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s payout ratio is presently 76.28%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KMI shares. Wells Fargo & Company increased their price target on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b+)” rating on shares of Kinder Morgan in a research report on Friday. Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Stifel Nicolaus began coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They set a “hold” rating and a $35.00 price objective for the company. Finally, Capital One Financial started coverage on shares of Kinder Morgan in a research note on Tuesday. They issued an “equal weight” rating and a $36.00 target price for the company. Eight analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of “Hold” and an average price target of $35.77.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.