Kinder Morgan, Inc. $KMI Stock Holdings Decreased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Kinder Morgan stake by 74.5% in the third quarter, selling 2.92 million shares and retaining 997,610 shares valued at approximately $30.1 million.
• Despite the reduction, institutional investors own 62.52% of Kinder Morgan. The stock recently traded near its 52-week high, while analysts maintain a “Moderate Buy” consensus with an average price target of $35.47.
• Kinder Morgan reported quarterly EPS of $0.37, exceeding the $0.31 consensus estimate, and revenue rose 10.8% year over year to $4.48 billion. The company also pays an annualized dividend of $1.19, yielding about 3.5%.

Assenagon Asset Management S.A. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 74.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 997,610 shares of the pipeline company's stock after selling 2,918,086 shares during the period. Assenagon Asset Management S.A.'s holdings in Kinder Morgan were worth $30,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Klingman & Associates LLC increased its holdings in shares of Kinder Morgan by 3.9% in the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company's stock valued at $285,000 after buying an additional 319 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Kinder Morgan by 72.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company's stock worth $25,000 after acquiring an additional 328 shares during the last quarter. Abel Hall LLC lifted its holdings in shares of Kinder Morgan by 4.0% during the first quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company's stock valued at $288,000 after purchasing an additional 330 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Kinder Morgan by 5.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,540 shares of the pipeline company's stock valued at $209,000 after purchasing an additional 356 shares during the period. Finally, Argent Trust Co boosted its position in shares of Kinder Morgan by 0.5% in the 2nd quarter. Argent Trust Co now owns 78,050 shares of the pipeline company's stock valued at $2,495,000 after purchasing an additional 357 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $34.17 on Monday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The business has a 50-day moving average of $31.69 and a two-hundred day moving average of $32.02. The stock has a market capitalization of $76.09 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.41 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the company posted $0.28 EPS. The firm's revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan's dividend payout ratio (DPR) is currently 76.28%.

Trending Headlines about Kinder Morgan

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

• Positive Sentiment: Improving natural-gas fundamentals are supporting KMI: stronger LNG feedgas demand, tighter storage conditions and higher gas volumes could benefit the company’s transportation and storage operations. Management previously indicated that 2026 adjusted EBITDA could exceed its budget by more than 5%, while adjusted EPS could be more than 12% above budget. Kinder Morgan gains as investors weigh stronger gas-market signals and project momentum
• Positive Sentiment: Investors are looking for higher natural-gas volumes, rising LNG demand and KMI’s fee-based contracts to support third-quarter results. The company’s project backlog is concentrated largely in natural-gas infrastructure, including projects tied to power-generation and local-distribution demand. Kinder Morgan to Report Q3 Earnings: What's in Store for the Stock?
• Positive Sentiment: Recent project progress, including the Western Gateway pipeline investment decision and favorable environmental findings for the Texas Access Project, reinforces expectations for future growth and expansion. Kinder Morgan gains as investors weigh stronger gas-market signals and project momentum
• Neutral Sentiment: Wall Street is focusing on operating metrics beyond revenue and earnings per share ahead of the September-quarter report. Results that exceed expectations could support the stock, while weaker volumes or guidance could temper the recent rally. Ahead of Kinder Morgan Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
• Negative Sentiment: Put-option activity was unusually elevated, with purchases approximately 46% above typical volume, suggesting some traders are hedging against a post-earnings pullback or increased volatility.
• Negative Sentiment: Insiders reported multiple open-market sales and no purchases during the past six months. While these transactions do not necessarily reflect company fundamentals, they may weigh on sentiment.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Argus lifted their price target on Kinder Morgan from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. Zacks Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Citigroup restated a "neutral" rating and issued a $34.00 target price (up from $33.00) on shares of Kinder Morgan in a report on Wednesday, July 29th. Jefferies Financial Group lowered their price target on Kinder Morgan from $35.00 to $33.00 and set a "hold" rating on the stock in a report on Thursday, September 17th. Finally, Royal Bank Of Canada upped their target price on Kinder Morgan from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Tuesday, September 22nd. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $35.47.

Insider Activity at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total value of $47,740.00. Following the transaction, the vice president directly owned 48,863 shares in the company, valued at approximately $1,504,980.40. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company's stock.

About Kinder Morgan

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company's natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.

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