Penn Davis Mcfarland 13F: Cuts Kinder Morgan (KMI) Stake by $1.6M

Penn Davis McFarland cut its stake in Kinder Morgan, Inc. NYSE:KMI by 54,648 shares during the quarter, according to a Form 13F filing with the Securities and Exchange Commission on October 23, 2026. The filing showed the firm closing out the period with 1,618,894 shares of the energy company, a position worth about $48,809,654 following the 3.2% reduction from its prior count of 1,673,542 shares. Kinder Morgan closed at $34.43 on the day of the filing.

KMI Kinder Morgan, Inc.

$33.72 ▲ +25.17% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Penn Davis McFarland's Kinder Morgan Position

The fund pared back its holdings by selling 54,648 shares, marking a 3.2% decrease from the previous quarter. Even with the reduction, the remaining 1,618,894 shares represent a sizable holding valued at roughly $48.8 million based on the market conditions at the time of the report.

Other Institutional Activity in Kinder Morgan

Other large institutional investors also adjusted their positions in the pipeline operator ahead of the filing. Fideuram - Intesa Sanpaolo Private Banking S.P.A. reduced its holdings by 259,398 shares, ending with 240,382 shares worth about $7,247,516. True North Advisors opened a new position by purchasing 23,521 shares worth about $709,164.

Kinder Morgan, Inc. Stock Down 0.7%

Kinder Morgan recently traded around $33.72 as of October 24, 2026, sitting 2.1% below its event-day close of $34.43. The stock trades above its 50-day moving average of $31.86 and its 200-day moving average of $31.87. The company's shares sit 3.1% below their 52-week high of $34.81 and 31.7% above their 52-week low of $25.60.

Recent Earnings

For the trailing twelve months, Kinder Morgan reported $18,343,999,488 in revenue and earnings of $1.62 per share. The firm posted a 19.6% net profit margin and an 11.4% return on equity alongside a year-over-year revenue growth rate of 9.3%. The company's next earnings report is slated for January 27, 2027.

Dividend

The energy infrastructure provider pays an annual dividend of $1.18 per share, translating to a 3.53% dividend yield with a payout ratio of 75.8%.

Insider Buying and Selling at Kinder Morgan, Inc.

Company insiders engaged in multiple transactions over recent months. Officer Michael P. Garthwaite completed several sales, including 1,550 shares on July 16, 2026, at $32.52 per share, another 1,550 shares on August 17, 2026, at $32.65 per share, and a planned sale of 1,550 shares on October 16, 2026, at $33.65 per share.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the stock ahead of the filing. Jefferies maintained a hold rating with a $37.00 price target on October 22, 2026. Freedom Broker upgraded the stock to a buy rating and raised its target from $34.00 to $39.00 on October 22, 2026. BMO Capital maintained an outperform rating with a $37.00 target on October 22, 2026. Wells Fargo maintained an overweight rating and lifted its target to $39.00 on October 22, 2026. Citigroup maintained a neutral rating with a $35.00 price target on October 23, 2026. Analysts hold a consensus buy rating on the stock with a mean price target of $37.00 across 22 opinions.

About Kinder Morgan

Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. The business manages an extensive network of energy assets through its Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments, moving and storing vital commodities across the continent.

Bottom Line

Investors will look toward the company's next earnings release on January 27, 2027, for further operational updates. Institutional filings will continue to provide a window into how major portfolio managers adjust their large-cap energy holdings.