TFR Capital LLC. Boosts Stock Position in Kinder Morgan, Inc. $KMI

TFR Capital LLC. boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 625.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 71,546 shares of the pipeline company’s stock after purchasing an additional 61,681 shares during the period. TFR Capital LLC.’s holdings in Kinder Morgan were worth $2,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Vanguard Group Inc. grew its holdings in shares of Kinder Morgan by 1.0% during the fourth 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. State Street Corp lifted its stake in shares of Kinder Morgan by 2.2% during the fourth quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock valued at $3,212,490,000 after buying an additional 2,510,601 shares during the period. Bank of America Corp DE lifted its stake in shares of Kinder Morgan by 1.4% during the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock valued at $2,079,477,000 after buying an additional 836,571 shares during the period. Norges Bank acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $1,132,125,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Kinder Morgan by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company’s stock worth $827,582,000 after acquiring an additional 195,088 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on KMI shares. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Citigroup restated a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Morgan Stanley set a $38.00 price objective on Kinder Morgan in a research report on Wednesday, July 29th. Wells Fargo & Company upped their target price on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.50.

Kinder Morgan Trading Up 0.0%

NYSE:KMI opened at $32.83 on Monday. The stock has a market cap of $73.09 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The business’s 50-day simple moving average is $31.99 and its 200 day simple moving average is $32.26. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. 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 1.55 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s payout ratio is currently 76.28%.

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 that occurred on Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the transaction, the vice president directly owned 164,208 shares in the company, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 13,882 shares of company stock valued at $441,691. 12.72% of the stock is owned by corporate insiders.

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.