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

Pinnacle West Asset Management Inc. purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 89,740 shares of the pipeline company’s stock, valued at approximately $2,869,000. Kinder Morgan accounts for approximately 2.0% of Pinnacle West Asset Management Inc.’s holdings, making the stock its 18th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC bought a new position in Kinder Morgan in the 4th quarter worth about $308,000. Schnieders Capital Management LLC. increased its position in shares of Kinder Morgan by 11.4% during the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after buying an additional 7,081 shares during the period. NewEdge Advisors LLC increased its position in shares of Kinder Morgan by 2.1% during the second quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock valued at $7,964,000 after buying an additional 5,586 shares during the period. Nebula Research & Development LLC purchased a new stake in shares of Kinder Morgan in the second quarter worth about $1,168,000. Finally, Sei Investments Co. lifted its holdings in shares of Kinder Morgan by 20.4% in the second quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock worth $25,328,000 after buying an additional 145,806 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI opened at $30.99 on Friday. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The company has a market cap of $69.01 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54. The stock has a 50-day moving average price of $32.03 and a 200-day moving average price of $32.31.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a $0.2975 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Analyst Ratings Changes

A number of equities analysts have recently commented on KMI shares. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Finally, Wells Fargo & Company upped their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.50.

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

Insider Buying and Selling at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president directly owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 13,882 shares of company stock worth $441,691. Corporate insiders own 12.72% of the company’s stock.

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.