The Manufacturers Life Insurance Company Trims Stake in Kinder Morgan, Inc. $KMI

The Manufacturers Life Insurance Company trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,021,973 shares of the pipeline company’s stock after selling 175,930 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.14% of Kinder Morgan worth $96,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMI. California State Teachers Retirement System raised its holdings in Kinder Morgan by 4,591.3% in the second quarter. California State Teachers Retirement System now owns 108,532,044 shares of the pipeline company’s stock worth $3,394,809,000 after purchasing an additional 106,218,591 shares in the last quarter. Norges Bank bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $1,132,125,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Kinder Morgan in the 2nd quarter worth about $239,397,000. AQR Capital Management LLC grew 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 buying an additional 5,333,986 shares during the period. Finally, Merewether Investment Management LP bought a new position in shares of Kinder Morgan in the 2nd quarter worth about $138,477,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on 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 of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the transaction, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This represents a 3.62% 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. 12.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KMI has been the subject of a number of recent research reports. Morgan Stanley set a $38.00 price target on shares of Kinder Morgan in a research report on Wednesday, July 29th. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. UBS Group reissued a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Finally, Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.67.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $30.84 on Friday. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The firm’s 50-day moving average is $31.88 and its 200 day moving average is $32.33. The stock has a market cap of $68.68 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.18 and a beta of 0.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.9%. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.