Kinder Morgan, Inc. $KMI Shares Sold by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital Management trimmed its stake in Kinder Morgan by 1.9%, selling 49,729 shares in Q4 and now holds 2,580,021 shares (about $70.93M), making KMI its 9th largest holding (1.5% of the fund).
• Kinder Morgan beat Q1 estimates, reporting $0.48 EPS vs. $0.38 expected and $4.83B revenue, raised the quarterly dividend 2% to $0.2975 (annualized $1.19, ~3.7% yield) and set FY2026 guidance at $1.36 EPS.
• Near‑term risks include a lawsuit related to a pipeline explosion and mixed macro gas dynamics, though analyst sentiment is generally constructive (consensus "Moderate Buy" with a $34.20 target).

Kornitzer Capital Management Inc. KS lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,580,021 shares of the pipeline company's stock after selling 49,729 shares during the quarter. Kinder Morgan accounts for 1.5% of Kornitzer Capital Management Inc. KS's investment portfolio, making the stock its 9th largest holding. Kornitzer Capital Management Inc. KS owned 0.12% of Kinder Morgan worth $70,925,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KMI. Horizon Investments LLC increased its holdings in shares of Kinder Morgan by 9.4% in the 4th quarter. Horizon Investments LLC now owns 164,493 shares of the pipeline company's stock valued at $4,522,000 after purchasing an additional 14,117 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in shares of Kinder Morgan by 2.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 18,120 shares of the pipeline company's stock valued at $498,000 after purchasing an additional 437 shares in the last quarter. Mutual Advisors LLC increased its holdings in shares of Kinder Morgan by 2.5% in the 4th quarter. Mutual Advisors LLC now owns 109,842 shares of the pipeline company's stock valued at $3,020,000 after purchasing an additional 2,722 shares in the last quarter. GenTrust LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $204,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Kinder Morgan by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 114,395 shares of the pipeline company's stock valued at $3,145,000 after purchasing an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

More Kinder Morgan News

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.

Kinder Morgan Stock Down 0.9%

Shares of NYSE:KMI opened at $32.57 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $72.47 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.90 and a beta of 0.64. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.73. The stock's fifty day simple moving average is $32.88 and its 200-day simple moving average is $29.60.

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

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Monday, May 4th. Kinder Morgan's payout ratio is presently 79.87%.

Insider Activity

In other news, Director William A. Smith purchased 3,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was acquired at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the acquisition, the director directly owned 31,087 shares in the company, valued at $924,838.25. This represents a 10.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $31.72, for a total transaction of $49,166.00. Following the sale, the vice president owned 44,843 shares of the company's stock, valued at approximately $1,422,419.96. This trade represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 29,598 shares of company stock valued at $952,572. 12.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KMI. Jefferies Financial Group cut their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 23rd. Mizuho increased their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an "outperform" rating in a report on Thursday, March 5th. TD Cowen increased their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. Citigroup increased their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a "neutral" rating in a report on Monday, March 30th. Finally, Wells Fargo & Company increased their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.20.

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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