National Pension Service Decreases Holdings in Kinder Morgan, Inc. $KMI

Key Points

• National Pension Service cut its Kinder Morgan stake by 29.3% in the fourth quarter, selling 1,212,046 shares and ending with 2,925,930 shares valued at about $80.4 million.
• Wall Street sentiment remains cautiously positive, with analysts assigning KMI a “Moderate Buy” consensus and an average price target of $34.20, though recent ratings were mixed and some firms trimmed targets.
• Kinder Morgan reported better-than-expected quarterly results, posting EPS of $0.48 versus the $0.38 estimate and revenue of $4.83 billion, while also raising its quarterly dividend to $0.2975 per share.

National Pension Service decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 29.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,925,930 shares of the pipeline company's stock after selling 1,212,046 shares during the quarter. National Pension Service owned 0.13% of Kinder Morgan worth $80,434,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company's stock worth $5,780,637,000 after acquiring an additional 2,165,130 shares in the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of Kinder Morgan by 3.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company's stock worth $665,474,000 after acquiring an additional 670,856 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Kinder Morgan by 1.0% during the 3rd quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company's stock worth $627,502,000 after acquiring an additional 216,039 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kinder Morgan by 1.3% during 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 last quarter. Finally, Legal & General Group Plc raised its position in shares of Kinder Morgan by 1.4% during 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 last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Jefferies Financial Group cut their price objective on Kinder Morgan from $36.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Company lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, March 13th. Truist Financial assumed coverage on Kinder Morgan in a research report on Tuesday, March 24th. They set a "hold" rating and a $38.00 price objective for the company. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Monday, March 30th. Finally, Morgan Stanley lifted their price objective on Kinder Morgan from $34.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $34.20.

Kinder Morgan Trading Down 2.6%

Shares of KMI opened at $31.08 on Friday. The stock has a fifty day moving average of $32.70 and a two-hundred day moving average of $30.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The company has a market capitalization of $69.14 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.59 and a beta of 0.56. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.10. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.Kinder Morgan's revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $0.2975 dividend. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan's payout ratio is presently 79.87%.

Key Stories Impacting Kinder Morgan

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

• Positive Sentiment: Kinder Morgan reported record 2025 results, with strong fourth-quarter performance and renewed optimism around LNG exports and data-center power demand. One article also highlighted KMI as having an edge over peers on earnings revisions, leverage, and return on equity. Article Title
• Positive Sentiment: Kinder Morgan expanded its revolving credit facility and liquidity, which improves financial flexibility and supports capital spending and dividend sustainability. Article Title
• Neutral Sentiment: Several recent articles simply note that KMI is a trending stock or worth watching, reflecting strong investor interest but not a clear new catalyst. Article Title
• Neutral Sentiment: Commentary from Seeking Alpha is split between a valuation downgrade and a view that the stock may already be richly valued, suggesting upside may be limited even if fundamentals remain solid. Article Title
• Negative Sentiment: Recent valuation-focused pieces suggest KMI may be trading at a level that leaves less room for further gains, which can weigh on sentiment and help explain why the stock is softer today. Article Title

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction 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 transaction, the vice president directly owned 182,706 shares in the company, valued at approximately $6,016,508.58. The trade was a 3.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the business's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the transaction, the vice president owned 43,293 shares of the company's stock, valued at $1,456,809.45. This trade represents a 3.46% 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 23,148 shares of company stock valued at $763,434 over the last quarter. 12.72% of the stock is currently owned by insiders.

About Kinder Morgan

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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