Jennison Associates LLC Sells 46,577 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Jennison Associates trimmed its stake in Kinder Morgan by 4.3%, selling 46,577 shares and ending the quarter with 1,036,481 shares valued at about $28.49 million per its latest 13F filing.
• Kinder Morgan beat Q1 estimates with EPS of $0.48 (vs. $0.38 expected) and revenue of $4.83 billion (up 13.8% YoY), and raised its quarterly dividend to $0.2975 (annualized $1.19, ~3.7% yield).
• Insiders sold about 29,598 shares in the past three months while institutional ownership stands at 62.52%; analysts’ consensus is a “Moderate Buy” with a $34.20 target.

Jennison Associates LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,036,481 shares of the pipeline company's stock after selling 46,577 shares during the quarter. Jennison Associates LLC's holdings in Kinder Morgan were worth $28,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC raised its stake in Kinder Morgan by 4.5% in the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company's stock valued at $217,000 after buying an additional 340 shares during the last quarter. Golden State Equity Partners raised its stake in Kinder Morgan by 2.2% in the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company's stock valued at $485,000 after buying an additional 368 shares during the last quarter. Red Door Wealth Management LLC raised its stake in Kinder Morgan by 2.2% in the fourth quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company's stock valued at $489,000 after buying an additional 389 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in Kinder Morgan by 11.1% in the third quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company's stock valued at $114,000 after buying an additional 401 shares during the last quarter. Finally, Ascent Group LLC raised its stake in Kinder Morgan by 3.5% in the third quarter. Ascent Group LLC now owns 11,935 shares of the pipeline company's stock valued at $338,000 after buying an additional 405 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Down 0.9%

Shares of KMI opened at $32.57 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.73. The stock's 50 day moving average is $32.88 and its two-hundred day moving average is $29.60. The firm has a market cap of $72.47 billion, a P/E ratio of 21.86, a PEG ratio of 2.90 and a beta of 0.64.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period last year, the company earned $0.34 earnings per share. Kinder Morgan's quarterly revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts predict that Kinder Morgan, Inc. will post 1.45 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be issued a $0.2975 dividend. The ex-dividend date of this dividend is Monday, May 4th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a yield of 3.7%. Kinder Morgan's dividend payout ratio is 79.87%.

Key Headlines Impacting Kinder Morgan

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: Q1 results beat expectations and the company raised its dividend 2%; Kinder Morgan also reaffirmed its role in major projects (Western Gateway) and announced a COO transition that preserves operational continuity. These items support KMI’s income/dividend profile. Read More.
• Positive Sentiment: Analyst tone turned constructive: Zacks upgraded KMI to "strong-buy" and Wall Street consensus remains generally positive, which can attract yield-seeking flows. Read More.
• Neutral Sentiment: Macro/sector context is mixed—global tensions have tightened LNG flows and lifted international gas prices, but the U.S. currently faces a regional gas glut, weighing on domestic prices and potentially compressing some midstream margins. This divergence makes near‑term volume/pricing outcomes uncertain for pipeline owners. Read More.
• Neutral Sentiment: Valuation and comparative coverage articles highlight KMI as a stable, dividend-focused midstream play and debate whether recent gains already price in that stability; these debates can amplify trading volatility but are not new fundamentals. Read More.
• Negative Sentiment: A lawsuit was filed by a worker injured in a recent Kinder Morgan pipeline explosion, alleging safety failures. Litigation and potential remediation costs, plus reputational risk, are direct negatives for the stock. Read More.
• Negative Sentiment: US Capital Advisors trimmed Q2/Q3 EPS estimates slightly, signaling some sell‑side caution on near‑term earnings momentum; downgrades to near‑term forecasts can pressure the stock if followed by others. Read More.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stifel Nicolaus increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a "hold" rating in a research note on Friday, March 13th. Mizuho increased their price target on Kinder Morgan from $31.00 to $37.00 and gave the company an "outperform" rating in a research note on Thursday, March 5th. Zacks Research upgraded Kinder Morgan from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Morgan Stanley increased their price target on Kinder Morgan from $34.00 to $36.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada raised their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a "sector perform" rating in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.20.

Insiders Place Their Bets

In other news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $31.72, for a total value of $49,166.00. Following the sale, the vice president directly owned 44,843 shares of the company's stock, valued at $1,422,419.96. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 Kinder Morgan stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $32.93, for a total value of $203,046.38. Following the completion of the sale, the vice president directly owned 182,706 shares in the company, valued at $6,016,508.58. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,598 shares of company stock valued at $952,572 in the last three months. 12.72% of the stock is currently owned by company 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.

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