Voya Investment Management LLC Has $27.95 Million Position in Kinder Morgan, Inc. $KMI

Key Points

• Voya Investment Management LLC has reduced its stake in Kinder Morgan, Inc. by 9.1%, selling 97,609 shares, leaving them with approximately $27.9 million in holdings.
• Multiple hedge funds have increased their investments in Kinder Morgan, with **Goldman Sachs** leading the way with a 37.5% increase, bringing its total shares to 20.2 million.
• Kinder Morgan has announced a quarterly dividend of $0.2925, reflecting a yield of 4.2%, while the company's payout ratio stands at 95.90%.

Voya Investment Management LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 979,480 shares of the pipeline company's stock after selling 97,609 shares during the period. Voya Investment Management LLC's holdings in Kinder Morgan were worth $27,945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. 1248 Management LLC bought a new position in shares of Kinder Morgan in the 1st quarter worth $71,000. Militia Capital Partners LP lifted its holdings in Kinder Morgan by 476.7% during the first quarter. Militia Capital Partners LP now owns 17,300 shares of the pipeline company's stock worth $494,000 after acquiring an additional 14,300 shares in the last quarter. Inspire Investing LLC lifted its holdings in Kinder Morgan by 2.3% during the first quarter. Inspire Investing LLC now owns 205,930 shares of the pipeline company's stock worth $5,875,000 after acquiring an additional 4,695 shares in the last quarter. Strs Ohio bought a new position in Kinder Morgan during the first quarter worth about $24,858,000. Finally, Ellsworth Advisors LLC raised its stake in shares of Kinder Morgan by 2.8% in the 1st quarter. Ellsworth Advisors LLC now owns 78,222 shares of the pipeline company's stock valued at $2,232,000 after purchasing an additional 2,167 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays reissued an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Morgan Stanley set a $32.00 target price on Kinder Morgan in a research report on Thursday. Finally, Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating on the stock. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.06.

Insider Activity

In other news, EVP Dax Sanders sold 30,127 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. This represents a 9.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer owned 159,428 shares of the company's stock, valued at $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,008 shares of company stock valued at $3,553,982. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

NYSE:KMI traded down $0.21 during trading hours on Friday, reaching $27.46. 20,818,468 shares of the company were exchanged, compared to its average volume of 11,150,739. The company has a market capitalization of $61.02 billion, a P/E ratio of 22.51, a P/E/G ratio of 3.25 and a beta of 0.81. Kinder Morgan, Inc. has a 1-year low of $21.45 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The business has a 50 day moving average of $27.17 and a 200 day moving average of $27.38.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the business posted $0.26 earnings per share. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan's dividend payout ratio is presently 95.90%.

Kinder Morgan Profile

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.