Royal Bank of Canada cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 16.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,828,942 shares of the pipeline company’s stock after selling 933,518 shares during the quarter. Royal Bank of Canada’s holdings in Kinder Morgan were worth $161,915,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in Kinder Morgan in the fourth quarter valued at $1,132,125,000. AQR Capital Management LLC boosted its stake in Kinder Morgan by 431.9% during the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock valued at $185,971,000 after acquiring an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP acquired a new position in Kinder Morgan during the 2nd quarter worth $138,477,000. Zimmer Partners LP grew its holdings in Kinder Morgan by 177.8% during the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after acquiring an additional 3,885,000 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $85,364,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the sale, the vice president directly owned 176,540 shares in the company, valued at approximately $5,721,661.40. This represents a 3.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 21,598 shares of company stock valued at $693,689. 12.72% of the stock is currently owned by insiders.
Kinder Morgan Stock Down 0.7%
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts predict that Kinder Morgan, Inc. will post 1.52 EPS for the current year.
Kinder Morgan Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.2975 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is currently 76.28%.
Key Headlines Impacting Kinder Morgan
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: US Capital Advisors raised its FY2026 EPS forecast to $1.52 from $1.44, moving closer to the broader consensus estimate of $1.54. The firm also increased its estimates for Q4 2026, Q1–Q3 2027, and Q4 2027, indicating improved expectations for Kinder Morgan’s pipeline and energy infrastructure earnings.
- Positive Sentiment: The firm lifted its FY2028 EPS forecast to $1.50 from $1.45, providing a modestly more constructive long-term outlook. Kinder Morgan’s latest reported quarter also exceeded expectations, with $0.37 in EPS versus the $0.31 consensus and revenue of $4.48 billion versus $4.22 billion.
- Neutral Sentiment: Wall Street remains somewhat bullish on KMI, but the stock has narrowly lagged the broader market over the past year. The latest estimate changes are relatively small, and US Capital Advisors’ FY2026 forecast is still below the $1.54 consensus. Kinder Morgan Stock Outlook: Is Wall Street Bullish or Bearish?
- Negative Sentiment: A Kinder Morgan executive disposed of 5,695 shares worth approximately $184,000. Most of the shares—4,145—were withheld for taxes, while 1,550 were sold under a pre-established 10b5-1 trading plan, making the transaction less concerning than an entirely discretionary sale but still a potential near-term sentiment headwind. Kinder Morgan Executive Share Sale
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on KMI. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Morgan Stanley set a $38.00 target price on Kinder Morgan in a report on Wednesday. Finally, Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Hold” and a consensus price target of $35.50.
Read Our Latest Stock Report on Kinder Morgan
Kinder Morgan Company 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.
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