Pinnbrook Capital Management LP Reduces Position in Kinder Morgan, Inc. $KMI

Key Points

• Pinnbrook Capital Management LP cut its stake in Kinder Morgan by 56.7%, selling 118,714 shares and leaving 90,584 shares valued at about $2.56 million.
• Large institutional activity continued — Norges Bank initiated a roughly $1.16 billion position and Vanguard holds about 207.2 million shares — with institutional investors now owning 62.52% of KMI.
• Kinder Morgan beat the quarter (EPS $0.39 vs. $0.37; revenue $4.51B, +13.1% YoY), pays a quarterly dividend (annualized $1.17, ~3.5% yield), and carries a consensus analyst rating of Moderate Buy with an average target of $33.38.

Pinnbrook Capital Management LP reduced its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 56.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,584 shares of the pipeline company's stock after selling 118,714 shares during the quarter. Pinnbrook Capital Management LP's holdings in Kinder Morgan were worth $2,564,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $1,162,802,000. Merewether Investment Management LP purchased a new stake in shares of Kinder Morgan in the second quarter worth approximately $138,477,000. 59 North Capital Management LP lifted its stake in shares of Kinder Morgan by 54.5% during the 2nd quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company's stock worth $311,563,000 after acquiring an additional 3,739,398 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Kinder Morgan by 364.8% during the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company's stock worth $122,461,000 after acquiring an additional 3,269,284 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Kinder Morgan by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company's stock valued at $6,092,253,000 after acquiring an additional 3,070,609 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In other news, VP Anthony B. Ashley sold 8,000 shares of the business's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the sale, the vice president owned 100,146 shares in the company, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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, with a total value of $89,250.00. Following the transaction, the director directly owned 31,087 shares in the company, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 46,498 shares of company stock worth $1,418,248. Company insiders own 12.73% of the company's stock.

Key Kinder Morgan News

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

• Positive Sentiment: Wells Fargo raised its price target to $35 and kept an overweight rating, signaling roughly 4.8% upside from current levels and giving the stock a bullish catalyst. Wells Fargo price target raise
• Positive Sentiment: Analysis pieces highlight a potential tailwind from the AI/data‑center buildout, which is increasing on‑site power demand and could boost natural‑gas consumption and pipeline volumes — a medium-term demand positive for KMI. Data Center Boom Drives Natural Gas Use
• Positive Sentiment: Zacks and Yahoo Finance note KMI is a "trending" stock among retail readers, which can increase order flow and short‑term liquidity and keep the name in focus for investors. KMI Trending Stock (Zacks)
• Neutral Sentiment: Coverage highlighting long‑term historical returns (e.g., Benzinga's "If you invested $1,000…" retrospective) can attract buy‑and‑hold investors but is unlikely to change near‑term fundamentals. 5‑Year Performance Retrospective
• Neutral Sentiment: Forbes' billionaire list mentions (Kinder family wealth rising) generate positive PR but have limited direct impact on operations or cash flow. Forbes 2026 World's Billionaires
• Negative Sentiment: Stifel raised its target to $33 but kept a hold rating; that target implies limited or slight downside from current prices and reflects caution among some analysts about meaningful near‑term upside. Stifel price target raise

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMI. Mizuho increased their target price on Kinder Morgan from $31.00 to $37.00 and gave the stock an "outperform" rating in a research note on Thursday, March 5th. UBS Group reissued a "buy" rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Freedom Capital upgraded shares of Kinder Morgan from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 28th. Morgan Stanley raised their price target on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.38.

Kinder Morgan Price Performance

Shares of KMI stock opened at $33.40 on Friday. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $34.24. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. The stock has a fifty day simple moving average of $30.73 and a two-hundred day simple moving average of $28.36. The stock has a market capitalization of $74.30 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 3.07 and a beta of 0.68.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business's revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan's dividend payout ratio (DPR) is 85.40%.

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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