Confluence Investment Management LLC Reduces Stock Holdings in Kinder Morgan, Inc. $KMI

01 Oct 2026, 17:07 by Tristan Rich · The Markets Daily

Confluence Investment Management LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,263,650 shares of the pipeline company’s stock after selling 105,167 shares during the quarter. Kinder Morgan comprises about 1.5% of Confluence Investment Management LLC’s portfolio, making the stock its 17th biggest position. Confluence Investment Management LLC’s holdings in Kinder Morgan were worth $98,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in KMI. Ontario Teachers Pension Plan Board bought a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $239,397,000. State Street Corp grew its holdings in Kinder Morgan by 4.3% in the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after purchasing an additional 5,361,578 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Kinder Morgan by 220.9% during the second quarter. Assenagon Asset Management S.A. now owns 3,915,696 shares of the pipeline company’s stock worth $125,185,000 after purchasing an additional 2,695,654 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of Kinder Morgan by 94.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 5,415,176 shares of the pipeline company’s stock valued at $148,863,000 after purchasing an additional 2,625,119 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Kinder Morgan by 253.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,994,968 shares of the pipeline company’s stock worth $100,421,000 after purchasing an additional 2,146,573 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KMI has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Melius Research initiated coverage on Kinder Morgan in a research note on Tuesday, September 22nd. They set a “buy” rating and a $38.00 price target on the stock. Royal Bank Of Canada upped their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Tuesday, September 22nd. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Kinder Morgan in a research report on Friday, September 18th. Finally, Morgan Stanley set a $33.00 target price on shares of Kinder Morgan in a research report on Thursday, September 17th. Eight equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.77.

Read Our Latest Report on Kinder Morgan

Key Kinder Morgan News

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 Stock Performance

KMI traded up $0.35 on Thursday, reaching $30.50. 4,369,926 shares of the stock were exchanged, compared to its average volume of 12,144,425. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The company’s 50-day moving average price is $31.54 and its 200 day moving average price is $32.12. The firm has a market capitalization of $67.93 billion, a PE ratio of 19.54, a PEG ratio of 2.14 and a beta of 0.56. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81.

Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The company’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. As a group, sell-side analysts forecast 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. Investors of record on Monday, August 3rd were issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s dividend payout ratio is 76.28%.

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total transaction of $47,740.00. Following the completion of the transaction, the vice president owned 48,863 shares of the company’s stock, valued at $1,504,980.40. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the transaction, the vice president directly owned 164,208 shares of the company’s stock, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

About Kinder Morgan

(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.