BI Asset Management Fondsmaeglerselskab A S Has $6.57 Million Holdings in Kinder Morgan, Inc. $KMI

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 139.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 195,791 shares of the pipeline company’s stock after acquiring an additional 114,150 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Kinder Morgan were worth $6,565,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KMI. Brighton Jones LLC bought a new stake in Kinder Morgan during the 4th quarter worth about $308,000. Schnieders Capital Management LLC. grew its holdings in shares of Kinder Morgan by 11.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after acquiring an additional 7,081 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Kinder Morgan by 2.1% in the 2nd quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock valued at $7,964,000 after acquiring an additional 5,586 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at about $1,168,000. Finally, Sei Investments Co. increased its position in shares of Kinder Morgan by 20.4% in the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock valued at $25,328,000 after acquiring an additional 145,806 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,312,399.92. This represents a 3.58% 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. Insiders have sold a total of 23,148 shares of company stock valued at $749,206 in the last ninety days. Insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on KMI. Morgan Stanley increased their price target 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. Weiss Ratings raised Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Jefferies Financial Group cut their price objective on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Finally, Truist Financial assumed coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $34.71.

Kinder Morgan Trading Up 1.9%

Kinder Morgan stock opened at $32.20 on Tuesday. The stock has a 50-day simple moving average of $32.10 and a 200 day simple moving average of $30.97. The stock has a market capitalization of $71.65 billion, a P/E ratio of 21.61, a PEG ratio of 2.63 and a beta of 0.54. 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, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $0.2975 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. This represents a $1.19 dividend on an annualized basis and a yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is currently 79.87%.

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.