The Manufacturers Life Insurance Company Decreases Stock Holdings in Kinder Morgan, Inc. $KMI

The Manufacturers Life Insurance Company decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 3,021,973 shares of the pipeline company’s stock after selling 175,930 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Kinder Morgan were worth $96,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after buying an additional 1,875,143 shares during the last quarter. State Street Corp boosted its stake in shares of Kinder Morgan by 2.2% in the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock worth $3,212,490,000 after buying an additional 2,510,601 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Kinder Morgan by 4,591.3% in the second quarter. California State Teachers Retirement System now owns 108,532,044 shares of the pipeline company’s stock worth $3,394,809,000 after acquiring an additional 106,218,591 shares during the period. Bank of America Corp DE grew its holdings in shares of Kinder Morgan by 1.4% in the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after acquiring an additional 836,571 shares during the period. Finally, Norges Bank purchased a new stake in Kinder Morgan during the fourth quarter valued at $1,132,125,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $30.84 on Friday. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The stock’s fifty day moving average is $31.88 and its 200 day moving average is $32.33. The stock has a market cap of $68.68 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.18 and a beta of 0.56. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the business earned $0.28 earnings per share. Kinder Morgan’s quarterly revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s payout ratio is presently 76.28%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Stifel Nicolaus started coverage on Kinder Morgan in a report on Wednesday. They issued a “hold” rating and a $35.00 target price on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Finally, UBS Group reissued a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.67.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president directly owned 164,208 shares in the company, valued at $5,238,235.20. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company’s stock.

Kinder Morgan Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.