Aurora Investment Counsel Cuts Stock Position in Kinder Morgan, Inc. $KMI

Aurora Investment Counsel cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 30.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,481 shares of the pipeline company’s stock after selling 22,358 shares during the quarter. Aurora Investment Counsel’s holdings in Kinder Morgan were worth $1,726,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Kinder Morgan in the fourth quarter worth $1,132,125,000. AQR Capital Management LLC boosted its position in shares of Kinder Morgan by 431.9% in the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares in the last quarter. Merewether Investment Management LP acquired a new stake in shares of Kinder Morgan in the 2nd quarter worth $138,477,000. Zimmer Partners LP grew its stake in Kinder Morgan by 177.8% during the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after buying an additional 3,885,000 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Kinder Morgan during the 4th quarter worth $85,364,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the business’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 $5,721,661.40. The trade was a 3.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the sale, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,598 shares of company stock valued at $693,689 in the last quarter. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Down 0.8%

Kinder Morgan stock opened at $32.29 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The business’s 50-day simple moving average is $32.29 and its two-hundred day simple moving average is $31.66. The company has a market cap of $71.84 billion, a PE ratio of 21.67, a PEG ratio of 2.69 and a beta of 0.54. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81.

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

Kinder Morgan Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group reiterated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research note on Monday, June 15th. Citigroup boosted their price target on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Truist Financial assumed coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price objective for the company. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Eight analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.71.

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.