Aigen Investment Management LP Takes Position in Kinder Morgan, Inc. $KMI

Aigen Investment Management LP bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 137,149 shares of the pipeline company’s stock, valued at approximately $3,770,000. Kinder Morgan comprises approximately 0.9% of Aigen Investment Management LP’s investment portfolio, making the stock its 13th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Board of the Pension Protection Fund purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $28,000. Dorato Capital Management purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $30,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on KMI. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday. Truist Financial began coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target for the company. Scotiabank increased their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, March 26th. Finally, Wells Fargo & Company increased their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Two investment 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.20.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $32.93, for a total value of $203,046.38. Following the transaction, the vice president owned 182,706 shares in the company, valued at approximately $6,016,508.58. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the transaction, the vice president owned 43,293 shares in the company, valued at $1,456,809.45. This represents a 3.46% 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. Insiders sold 23,148 shares of company stock worth $752,089 in the last 90 days. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Trading Up 1.6%

KMI stock opened at $31.87 on Friday. The company has a market capitalization of $70.91 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 2.66 and a beta of 0.54. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The company’s 50 day moving average price is $32.28 and its two-hundred day moving average price is $30.75. 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 posted its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.38 by $0.10. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $0.2975 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.

About Kinder Morgan

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.