Kinder Morgan, Inc. $KMI Stake Lowered by Confluence Investment Management LLC

Posted by Stanley Muller on Oct 1st, 2026

Confluence Investment Management LLC cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,263,650 shares of the pipeline company’s stock after selling 105,167 shares during the period. Kinder Morgan makes up about 1.5% of Confluence Investment Management LLC’s portfolio, making the stock its 17th biggest holding. Confluence Investment Management LLC owned about 0.15% of Kinder Morgan worth $98,399,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its position in shares of Kinder Morgan by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 224,085 shares of the pipeline company’s stock valued at $7,164,000 after acquiring an additional 7,092 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Kinder Morgan by 7.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 574,907 shares of the pipeline company’s stock worth $18,380,000 after buying an additional 37,922 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Kinder Morgan by 0.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,122,523 shares of the pipeline company’s stock worth $163,766,000 after buying an additional 38,739 shares during the last quarter. State Street Corp raised its position in shares of Kinder Morgan by 4.3% during the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after buying an additional 5,361,578 shares in the last quarter. Finally, Core Capital Management & Research inc. bought a new position in shares of Kinder Morgan in the 2nd quarter valued at about $856,000. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were 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. This represents 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president owned 164,208 shares of the company’s stock, valued at $5,238,235.20. The trade was a 3.62% 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. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Trading Up 1.2%

Shares of NYSE:KMI traded up $0.35 during trading hours on Thursday, hitting $30.50. 4,369,926 shares of the company’s stock traded hands, compared to its average volume of 12,144,425. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.81. The business has a fifty day moving average price of $31.54 and a 200-day moving average price of $32.12. The firm has a market capitalization of $67.93 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.14 and a beta of 0.56. 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 issued its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share 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 firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the business posted $0.28 earnings per share. 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. Equities analysts expect that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group reissued a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Melius Research began coverage on Kinder Morgan in a research report on Tuesday, September 22nd. They set a “buy” rating and a $38.00 target price on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Kinder Morgan in a report on Friday, September 18th. Finally, Wells Fargo & Company raised their price target on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Eight analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and a consensus target price of $35.77.

Get Our Latest Analysis on KMI

Key Headlines Impacting Kinder Morgan

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

Positive Sentiment: Jim Cramer recommended buying Kinder Morgan, calling the energy infrastructure company “too cheap.” The endorsement may support investor interest by highlighting KMI’s valuation and potential appeal to income-focused investors. Cramer’s lightning round: Buy Kinder Morgan Jim Cramer recommends buying this energy stock: It is too cheap
Positive Sentiment: A Zacks analysis included KMI among three resilient midstream stocks, citing fee-based revenue and long-term contracts that can help insulate the company from volatile crude prices. That supports the case for relatively stable cash flow and dividends. Beyond Oil Price Swings: 3 Midstream Stocks Built for Resilience
Neutral Sentiment: Kinder Morgan presented at the Wolfe Research Utilities, Midstream & Clean Energy Conference. The transcript release gives investors additional management commentary, but the supplied reports do not identify a new guidance change, transaction, or other immediate catalyst. Kinder Morgan Wolfe Research conference transcript
Negative Sentiment: A comparison of Kinder Morgan and Williams highlights a risk for income investors: one company is described as funding its dividend partly with borrowed money. The excerpt does not specify which company, but the discussion keeps leverage and dividend sustainability in focus for KMI shareholders. Two Pipeline Giants, Two Dividend Strategies

Kinder Morgan Company Profile

(Free Report)

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.