Allstate Corp Acquires 81,966 Shares of Kinder Morgan, Inc. $KMI

Allstate Corp grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 109.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 156,619 shares of the pipeline company’s stock after purchasing an additional 81,966 shares during the quarter. Allstate Corp’s holdings in Kinder Morgan were worth $4,305,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MSH Capital Advisors LLC lifted its stake in Kinder Morgan by 2.2% during the 4th quarter. MSH Capital Advisors LLC now owns 33,955 shares of the pipeline company’s stock valued at $933,000 after acquiring an additional 733 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Kinder Morgan by 129.9% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 16,842 shares of the pipeline company’s stock valued at $463,000 after acquiring an additional 9,516 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Kinder Morgan by 94.0% during the 4th quarter. Fisher Asset Management LLC now owns 21,075 shares of the pipeline company’s stock valued at $579,000 after acquiring an additional 10,212 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Kinder Morgan by 2.1% during the 4th quarter. Clearstead Advisors LLC now owns 41,578 shares of the pipeline company’s stock valued at $1,143,000 after acquiring an additional 847 shares in the last quarter. Finally, SLT Holdings LLC bought a new position in Kinder Morgan during the 4th quarter valued at $291,000. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the sale, the vice president owned 43,293 shares of the company’s stock, valued at approximately $1,456,809.45. This trade represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 dated Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the completion of the transaction, the vice president owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. This represents a 3.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 23,148 shares of company stock valued at $763,434. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Trading Down 2.5%

Shares of KMI opened at $32.93 on Wednesday. The business has a 50-day moving average of $32.78 and a 200 day moving average of $30.35. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The firm has a market cap of $73.26 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.2975 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a yield of 3.6%. Kinder Morgan’s payout ratio is 79.87%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank Of Canada raised their price objective on 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 Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Citigroup raised their target price on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Finally, Morgan Stanley raised their target price on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

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.