Dimensional Fund Advisors LP Purchases 448,130 Shares of Kinder Morgan, Inc. $KMI
by Scott Moore · The Cerbat GemDimensional Fund Advisors LP increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 2.7% during the first quarter, Holdings Channel reports. The institutional investor owned 17,237,384 shares of the pipeline company’s stock after purchasing an additional 448,130 shares during the period. Dimensional Fund Advisors LP’s holdings in Kinder Morgan were worth $577,998,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Capital Management LLC grew its stake in Kinder Morgan by 36.0% in the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 323 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Kinder Morgan by 13.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after purchasing an additional 329 shares during the period. Abel Hall LLC lifted its holdings in shares of Kinder Morgan by 4.0% in the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock worth $288,000 after purchasing an additional 330 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Kinder Morgan by 4.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock worth $232,000 after purchasing an additional 333 shares in the last quarter. Finally, Waddell & Associates LLC grew its position in Kinder Morgan by 1.3% in the 4th quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock valued at $720,000 after purchasing an additional 336 shares during the period. Institutional investors own 62.52% of the company’s stock.
Wall Street Analysts Forecast Growth
KMI has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price target 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. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Jefferies Financial Group decreased their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Finally, Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Eight investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.71.
Check Out Our Latest Analysis on Kinder Morgan
Kinder Morgan Price Performance
Shares of NYSE:KMI opened at $32.62 on Tuesday. 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 stock has a market cap of $72.56 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54. The stock’s fifty day simple moving average is $32.29 and its two-hundred day simple moving average is $31.72. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts forecast 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 given a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.6%. 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 payout ratio is currently 79.87%.
Insider Activity
In other news, VP John W. Schlosser sold 6,166 shares of the business’s 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 owned 164,208 shares in the company, valued at $5,238,235.20. The trade was a 3.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 21,598 shares of company stock valued at $693,689. Company insiders own 12.72% of the company’s stock.
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.
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