New York Life Investment Management LLC Sells 16,739 Shares of Kinder Morgan, Inc. $KMI

New York Life Investment Management LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,317 shares of the pipeline company’s stock after selling 16,739 shares during the period. New York Life Investment Management LLC’s holdings in Kinder Morgan were worth $7,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Kinder Morgan by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock valued at $5,780,637,000 after acquiring an additional 2,165,130 shares in the last quarter. Orbis Allan Gray Ltd grew its position 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 during the period. Invesco Ltd. grew its position 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 during the period. Dimensional Fund Advisors LP grew its position 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 during the period. Finally, Legal & General Group Plc grew its position 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 during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.7%

Shares of Kinder Morgan stock opened at $33.63 on Friday. The company’s fifty day simple moving average is $32.73 and its 200-day simple moving average is $29.95. The stock has a market capitalization of $74.81 billion, a PE ratio of 22.57, a P/E/G ratio of 2.88 and a beta of 0.56. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.73. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results 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. The business had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $0.2975 per share. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is 79.87%.

Insider Transactions at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $31.72, for a total transaction of $49,166.00. Following the transaction, the vice president owned 44,843 shares in the company, valued at $1,422,419.96. This trade represents a 3.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Anthony B. Ashley sold 8,000 shares of Kinder Morgan stock in a transaction 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 transaction, the vice president owned 100,146 shares in the company, valued at $3,199,664.70. This represents a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 29,598 shares of company stock worth $966,877 in the last 90 days. 12.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KMI has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Scotiabank lifted their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings raised shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Finally, Citigroup lifted their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.20.

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.