CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $7.1M to KMI Stake

Cushing Asset Management, LP dba NXG Investment Management boosted its stake in Kinder Morgan, Inc. (KMI) by 235,000 shares in a filing on October 26, 2026. The increase brings its total ownership to 2,274,400 shares, valued at about $68.6 million. This change represents an 11.5% increase in the fund's position.

KMI Kinder Morgan, Inc.

$33.94 ▲ +25.98% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Kinder Morgan Fits in Cushing Asset Management's Portfolio

Cushing Asset Management's investment in Kinder Morgan now accounts for 4.84% of its total reported 13F value, ranking it 8th among the fund's 73 positions.

Kinder Morgan, Inc. Stock Holds Steady

On October 26, 2026, Kinder Morgan shares closed at $33.94. Recently, the stock has traded around $34.43, which is about 1.4% above the closing price. The shares are currently above their 50-day and 200-day moving averages by 7.8%. However, they remain slightly below their 52-week high of $34.81.

Recent Earnings

Kinder Morgan reported trailing twelve-month revenue of $18.34 billion and an earnings per share (EPS) of $1.62. The company has shown a revenue growth of 9.3% year-over-year, with a net margin of 19.6%. The next earnings report is scheduled for January 27, 2027.

Dividend

Kinder Morgan pays an annual dividend of $1.19 per share, which translates to a yield of 3.51%. The dividend payout ratio is 75.8%.

Insider Buying and Selling at Kinder Morgan, Inc.

Recently, several insiders sold shares. John W. Schlosser, an officer, sold 6,166 shares at an average price of $31.90 on July 6, 2026, totaling approximately $196,720. Michael P. Garthwaite also sold shares on multiple occasions, with the most recent sale being 1,550 shares at $33.65 on October 16, 2026, valued at about $52,153.

Analysts Set New Price Targets

On October 22, 2026, several analysts updated their ratings on Kinder Morgan. Jefferies maintained a "Hold" rating with a price target of $37.00, while Freedom Broker upgraded its rating to "Buy" with a target of $39.00. BMO Capital and Wells Fargo also maintained positive outlooks with targets of $37.00 and $39.00, respectively. The consensus among analysts suggests a mean price target of $37.05, indicating potential upside from the recent trading levels.

About Kinder Morgan, Inc.

Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America, focusing on natural gas pipelines, products pipelines, terminals, and CO2 segments. The company's operations are vital for energy transportation in the region, making it a significant player in the oil and gas midstream industry.

Bottom Line

Cushing Asset Management's increased stake in Kinder Morgan reflects confidence in the company's performance, especially ahead of its next earnings report. Investors will be watching for further updates from the fund as well as Kinder Morgan's financial results in January 2027.