Kinder Morgan, Inc. $KMI Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC has reduced its holdings in Kinder Morgan, Inc. by 1.9%, now owning 502,185 shares valued at approximately $14.33 million.
• Insiders, including the VP and CFO, have recently sold a significant number of shares, collectively worth nearly $2.4 million, indicating potential shifts in management confidence.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, yielding 4.4%, while its recent earnings reveal a revenue increase of 13.2% year-over-year.

MetLife Investment Management LLC decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 502,185 shares of the pipeline company's stock after selling 9,495 shares during the quarter. MetLife Investment Management LLC's holdings in Kinder Morgan were worth $14,327,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Kinder Morgan by 0.6% during the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after buying an additional 1,302,794 shares in the last quarter. Northern Trust Corp raised its position in Kinder Morgan by 8.3% in the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after purchasing an additional 1,608,499 shares during the period. Goldman Sachs Group Inc. raised its position in Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after purchasing an additional 5,529,065 shares during the period. Deutsche Bank AG raised its position in Kinder Morgan by 2.0% in the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock valued at $428,018,000 after purchasing an additional 290,653 shares during the period. Finally, Kayne Anderson Capital Advisors LP raised its position in Kinder Morgan by 5.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock valued at $307,741,000 after purchasing an additional 553,395 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analysts Set New Price Targets

KMI has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Thursday, August 14th. Wells Fargo & Company lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Friday, July 25th. Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. Finally, Scotiabank boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.20.

Kinder Morgan Stock Up 0.6%

KMI traded up $0.17 on Thursday, hitting $27.00. 11,851,714 shares of the company were exchanged, compared to its average volume of 15,541,550. Kinder Morgan, Inc. has a twelve month low of $20.56 and a twelve month high of $31.48. The company has a market cap of $59.98 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 3.39 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $27.57 and a two-hundred day moving average price of $27.32.

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

Kinder Morgan Announces Dividend

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

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president directly owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dax Sanders sold 30,127 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president directly owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,842 shares of company stock worth $3,896,180. Corporate insiders own 12.73% of the company's stock.

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.