Concurrent Investment Advisors LLC Purchases 24,630 Shares of Kinder Morgan, Inc. $KMI

Concurrent Investment Advisors LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 19.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,251 shares of the pipeline company’s stock after purchasing an additional 24,630 shares during the period. Concurrent Investment Advisors LLC’s holdings in Kinder Morgan were worth $4,130,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Kinder Morgan by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock worth $5,891,773,000 after purchasing an additional 896,837 shares in the last quarter. Orbis Allan Gray Ltd boosted its stake in Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after purchasing an additional 670,856 shares in the last quarter. Invesco Ltd. boosted its stake in Kinder Morgan by 1.0% in the 3rd quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock worth $627,502,000 after purchasing an additional 216,039 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Kinder Morgan by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock worth $468,588,000 after purchasing an additional 205,820 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Kinder Morgan by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 15,878,898 shares of the pipeline company’s stock worth $449,532,000 after purchasing an additional 213,741 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Jefferies Financial Group dropped their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley upped their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.20.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director William A. Smith acquired 3,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were purchased at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the purchase, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Anthony B. Ashley sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the transaction, the vice president owned 100,146 shares in the company, valued at $3,199,664.70. This trade represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,598 shares of company stock worth $952,572 over the last quarter. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $31.01 on Tuesday. The firm’s 50 day moving average price is $32.89 and its 200-day moving average price is $29.53. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.73. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $68.98 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64.

Kinder Morgan (NYSE:KMI) last issued 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 net margin of 18.92% and a return on equity of 9.90%. The firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the prior year, the business earned $0.34 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.45 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be paid a $0.2975 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is currently 78.52%.

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.