True North Advisors 13F: New $709K Stake in Kinder Morgan (KMI)

True North Advisors opened a new position in Kinder Morgan, Inc. (NYSE: KMI) during the quarter, according to a Form 13F filing with the SEC on October 22, 2026. The firm bought 23,521 shares of the energy infrastructure company, bringing the total value of the new holding to approximately $709,164.

KMI Kinder Morgan, Inc.

$33.97 ▲ +26.10% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in True North Advisors's Kinder Morgan Position

True North Advisors initiated a brand-new stake in the company, jumping from zero shares up to 23,521 shares. The reported value of the new holding reached $709,164 at the time of the filing.

Other Institutional Activity in Kinder Morgan

Institutional investors adjusted their holdings in the pipeline operator alongside True North's purchase. Fideuram - Intesa Sanpaolo Private Banking S.P.A. cut its position by 259,398 shares, a 51.9% decrease, ending the quarter with 240,382 shares worth about $7,247,516.

Kinder Morgan, Inc. Stock Up 1.7%

Kinder Morgan recently traded around $33.97 as of October 23, 2026, sitting up 0.7% from its $33.72 close on the filing date. The stock has traded between a 52-week low of $25.60 and a 52-week high of $34.81.

Recent Earnings

The company reported trailing twelve-month revenue of $17.96 billion and basic earnings of $1.55 per share.

Dividend

Kinder Morgan pays an annual dividend rate of $1.18 per share, which works out to a 3.53% dividend yield. The company's dividend payout ratio sits at 75.8%.

Insider Buying and Selling at Kinder Morgan, Inc.

Company insiders completed several transactions prior to the filing. Officer Michael P. Garthwaite sold 1,550 shares on July 16, 2026, at $32.52 per share for a total of $50,400, and another 1,550 shares on August 17, 2026, at $32.65 per share for $50,612. Later on October 16, 2026, he sold an additional 1,550 shares under a planned transaction at $33.65 per share totaling $52,153, alongside a separate non-planned sale of 1,550 shares at the same price.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock on October 22, 2026. Jefferies maintained a hold rating and raised its price target from $33.00 to $37.00. Freedom Broker upgraded the stock to a buy rating and lifted its target from $34.00 to $39.00. BMO Capital maintained an outperform rating while raising its target from $36.00 to $37.00. Wells Fargo maintained an overweight rating and bumped its target from $36.00 to $39.00. TD Cowen maintained a buy rating and pushed its target from $38.00 to $40.00. Overall, the stock holds a consensus buy rating from 22 analysts with a mean price target of $36.09.

About Kinder Morgan

Kinder Morgan, Inc. operates as a major energy infrastructure business in North America focusing on natural gas transport, refined products, terminals, and carbon dioxide operations. The firm's extensive pipeline networks and storage facilities play a key role in moving vital energy commodities across regional markets.

Bottom Line

True North Advisors's new position highlights ongoing institutional interest in the midstream energy sector. Investors will continue tracking pipeline volumes and upcoming earnings reports to gauge cash flow stability and dividend coverage.