Kinder Morgan, Inc. $KMI Shares Purchased by Truist Financial Corp

Truist Financial Corp lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,712,149 shares of the pipeline company’s stock after acquiring an additional 16,366 shares during the quarter. Truist Financial Corp owned 0.08% of Kinder Morgan worth $47,067,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KMI. AQR Capital Management LLC lifted its holdings in shares of Kinder Morgan by 431.9% in the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after acquiring an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP acquired a new stake in Kinder Morgan during the 2nd quarter worth approximately $138,477,000. Zimmer Partners LP lifted its holdings in Kinder Morgan by 177.8% during the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after buying an additional 3,885,000 shares in the last quarter. Holocene Advisors LP acquired a new stake in Kinder Morgan during the 3rd quarter worth approximately $77,662,000. Finally, Vanguard Group Inc. lifted its holdings in Kinder Morgan by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock worth $5,780,637,000 after buying an additional 2,165,130 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $31.72, for a total value of $49,166.00. Following the transaction, the vice president directly owned 44,843 shares of the company’s stock, valued at $1,422,419.96. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $30.09, for a total transaction of $185,534.94. Following the completion of the transaction, the vice president directly owned 195,038 shares in the company, valued at $5,868,693.42. This trade represents a 3.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 35,764 shares of company stock valued at $1,152,412 in the last ninety days. Insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $32.29 on Wednesday. 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 firm’s fifty day simple moving average is $32.87 and its 200-day simple moving average is $29.67. The firm has a market capitalization of $71.84 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.86 and a beta of 0.56. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.73.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.45 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a $0.2975 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s payout ratio is 79.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KMI. Barclays restated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Scotiabank raised their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Thursday, March 26th. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th. Mizuho raised their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Finally, Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $34.20.

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.