Pinnacle West Asset Management Inc. Takes $2.87 Million Position in Kinder Morgan, Inc. $KMI

Pinnacle West Asset Management Inc. bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 89,740 shares of the pipeline company's stock, valued at approximately $2,869,000. Kinder Morgan comprises about 2.0% of Pinnacle West Asset Management Inc.'s holdings, making the stock its 18th largest position.

Other institutional investors have also bought and sold shares of the company. Evolution Wealth Management Inc. boosted its holdings in Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock worth $25,000 after acquiring an additional 750 shares during the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in shares of Kinder Morgan during the first quarter valued at about $28,000. Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter worth about $28,000. Finally, Basepoint Wealth LLC purchased a new position in Kinder Morgan during the fourth quarter worth about $30,000. Institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KMI shares. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. The Goldman Sachs Group restated a "buy" rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Citigroup reiterated a "neutral" rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Morgan Stanley set a $38.00 price objective on Kinder Morgan in a research note on Wednesday, July 29th. Finally, UBS Group reaffirmed a "buy" rating and set a $43.00 target price on shares of Kinder Morgan in a research report on Monday, June 15th. Eight 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 presently has a consensus rating of "Hold" and an average target price of $35.50.

Kinder Morgan Stock Down 2.0%

KMI opened at $30.99 on Friday. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company's 50-day moving average price is $32.03 and its two-hundred day moving average price is $32.31. The stock has a market cap of $69.01 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.47 and a beta of 0.54. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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 net margin of 19.31% and a return on equity of 10.46%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the business posted $0.28 EPS. 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. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a $0.2975 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan's payout ratio is presently 76.28%.

Key Kinder Morgan News

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

• Positive Sentiment: Several earnings estimates increased: US Capital Advisors raised its FY2026 EPS forecast to $1.53 from $1.52, Q3 2026 to $0.31 from $0.30, Q1 2027 to $0.42 from $0.41, and Q4 2027 to $0.37 from $0.36. These revisions indicate expectations for modest operating improvement. Kinder Morgan analyst estimate revisions
• Positive Sentiment: Recent quarterly performance was stronger than expected: Kinder Morgan reported $0.37 in EPS versus the $0.31 consensus estimate, while revenue of $4.48 billion exceeded the $4.22 billion forecast and increased 10.8% year over year. Kinder Morgan earnings outlook article
• Neutral Sentiment: Brokerage consensus remains “Hold”: The rating suggests analysts see limited near-term catalysts or risk-reward advantages, rather than a strong reason to buy or sell KMI. Kinder Morgan consensus Hold recommendation
• Negative Sentiment: Longer-term estimates were trimmed: US Capital Advisors lowered its Q2 2027 EPS forecast to $0.33 from $0.34 and FY2028 EPS forecast to $1.49 from $1.50. The FY2028 estimate also sits below the broader current-year consensus of $1.55, potentially weighing on valuation and growth expectations. Kinder Morgan reduced earnings estimates
• Negative Sentiment: Post-earnings momentum has weakened: KMI has decreased 3.5% since its latest earnings report, indicating that investors may be looking beyond the earnings beat toward slower future growth and the company’s relatively modest estimate revisions. Kinder Morgan post-earnings stock performance

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president owned 170,374 shares in the company, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 dated Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares of the company's stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. 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. Insiders have sold a total of 13,882 shares of company stock worth $441,691 in the last ninety days. Insiders own 12.72% of the company's stock.

Kinder Morgan Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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