M&T Bank Corp Decreases Holdings in Kinder Morgan, Inc. $KMI

M&T Bank Corp reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 28.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,939 shares of the pipeline company's stock after selling 50,099 shares during the quarter. M&T Bank Corp's holdings in Kinder Morgan were worth $3,643,000 as of its most recent filing with the SEC.

• $134M in Insider Moves: What It Might Mean for KMI, ISRG and QS

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $308,000. Federated Hermes Inc. grew its position in shares of Kinder Morgan by 3.8% in the 1st quarter. Federated Hermes Inc. now owns 19,774 shares of the pipeline company's stock valued at $564,000 after buying an additional 720 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Kinder Morgan by 2.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 901,679 shares of the pipeline company's stock worth $25,725,000 after acquiring an additional 18,884 shares in the last quarter. iA Global Asset Management Inc. lifted its position in Kinder Morgan by 307.2% in the first quarter. iA Global Asset Management Inc. now owns 91,540 shares of the pipeline company's stock valued at $2,612,000 after acquiring an additional 69,057 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in Kinder Morgan by 31.7% in the first quarter. Wealthspire Advisors LLC now owns 10,808 shares of the pipeline company's stock valued at $308,000 after acquiring an additional 2,602 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction of $173,696.22. Following the transaction, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the business's stock in a transaction dated Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the purchase, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. Company insiders own 12.73% of the company's stock.

Analysts Set New Price Targets

• Kinder Morgan Stock: Big Yield Now, Bigger Upside in 2026

A number of analysts have recently commented on KMI shares. Mizuho cut their target price on Kinder Morgan from $32.00 to $31.00 and set an "outperform" rating on the stock in a research report on Friday, November 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Tuesday, November 11th. Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 9th. They set a "hold" rating and a $30.00 target price on the stock. Finally, BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They issued an "outperform" rating and a $32.00 price target for the company. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $31.33.

Get Our Latest Research Report on KMI

Kinder Morgan Trading Up 2.5%

• Energy Crunch Ahead: 3 Natural Gas Stocks Set to Gain

Shares of KMI stock opened at $27.84 on Friday. The company has a market capitalization of $61.94 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.39 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. The business's 50 day moving average is $27.09 and its two-hundred day moving average is $27.40. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $3.98 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company's quarterly revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan's payout ratio is presently 95.90%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.

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