Voya Investment Management LLC Reduces Position in Kinder Morgan, Inc. $KMI

Voya Investment Management LLC cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 19.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 754,407 shares of the pipeline company’s stock after selling 180,425 shares during the quarter. Voya Investment Management LLC’s holdings in Kinder Morgan were worth $21,357,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its stake in shares of Kinder Morgan by 14.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after purchasing an additional 357 shares during the period. L.M. Kohn & Company increased its stake in Kinder Morgan by 3.4% in the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock valued at $322,000 after purchasing an additional 360 shares during the last quarter. Alhambra Investment Management LLC boosted its stake in Kinder Morgan by 2.3% in the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after buying an additional 363 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in shares of Kinder Morgan by 4.2% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after acquiring an additional 374 shares during the last quarter. Finally, QTR Family Wealth LLC lifted its holdings in shares of Kinder Morgan by 2.7% during the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock worth $423,000 after acquiring an additional 377 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a report on Thursday, October 9th. UBS Group reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research note on Friday, December 12th. Stifel Nicolaus increased their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Finally, Royal Bank Of Canada boosted their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $31.33.

Kinder Morgan Price Performance

KMI opened at $26.51 on Monday. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The firm has a market cap of $58.98 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.32 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 company has a fifty day simple moving average of $26.82 and a 200 day simple moving average of $27.30.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.81, for a total transaction of $171,476.46. Following the sale, the vice president directly owned 207,370 shares of the company’s stock, valued at approximately $5,766,959.70. This represents a 2.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard D. Kinder bought 1,000,000 shares of the stock in a transaction on Monday, October 27th. The shares were acquired at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the purchase, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. 12.73% of the stock is currently owned by insiders.

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.