Citizens Financial Group Inc. RI Purchases 158,741 Shares of Kinder Morgan, Inc. $KMI

Citizens Financial Group Inc. RI boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 125.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 285,215 shares of the pipeline company’s stock after purchasing an additional 158,741 shares during the period. Citizens Financial Group Inc. RI’s holdings in Kinder Morgan were worth $8,074,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Kinder Morgan during the second quarter valued at approximately $1,162,802,000. Merewether Investment Management LP bought a new position in Kinder Morgan in the 2nd quarter valued at $138,477,000. 59 North Capital Management LP increased its stake in Kinder Morgan by 54.5% in the second quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock worth $311,563,000 after purchasing an additional 3,739,398 shares during the period. Marshall Wace LLP lifted its position in shares of Kinder Morgan by 364.8% during the second quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock worth $122,461,000 after purchasing an additional 3,269,284 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after purchasing an additional 3,070,609 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $26.91 on Tuesday. The company has a market cap of $59.88 billion, a PE ratio of 22.06, a P/E/G ratio of 2.24 and a beta of 0.69. The firm’s 50 day moving average price is $26.99 and its 200-day moving average price is $27.23. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. Kinder Morgan’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Wall Street Analyst Weigh In

Several research firms recently commented on KMI. Scotiabank reduced their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Jefferies Financial Group dropped their target price on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, December 23rd. Mizuho decreased their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Finally, UBS Group reaffirmed a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.20.

Insider Buying and Selling at Kinder Morgan

In other news, Chairman Richard D. Kinder acquired 1,000,000 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were purchased at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the transaction, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 3,800 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the transaction, the director directly owned 39,051 shares of the company’s stock, valued at $1,024,307.73. The trade was a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. 12.73% of the stock is owned by insiders.

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.