KINDER MORGAN INC DEL KMI
COM · Common Stock · CUSIP 49456B101 · ISIN US49456B1017
- SectorUtilities
- IndustryNatural Gas Transmission
- HeadquartersHouston, TX
- Founded1997
- Websitekindermorgan.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($164.8m this quarter). Holder counts are more reliable. Shares outstanding: 2.2bn as of 2024-10-17, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $22.08. Options: 39 managers hold calls ($698.8m notional), 35 hold puts ($463.4m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,297 |
| Q4 2022 | 1,329 |
| Q1 2023 | 1,305 |
| Q2 2023 | 1,310 |
| Q3 2023 | 1,342 |
| Q4 2023 | 1,388 |
| Q1 2024 | 1,370 |
| Q2 2024 | 1,394 |
| Q3 2024 | 1,420 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 678 | 515 |
| Q1 2023 | 661 | 534 |
| Q2 2023 | 632 | 555 |
| Q3 2023 | 603 | 590 |
| Q4 2023 | 608 | 638 |
| Q1 2024 | 663 | 633 |
| Q2 2024 | 668 | 611 |
| Q3 2024 | 691 | 613 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $459.9m | $270.0m | 0.59 |
| Q1 2024 | $406.8m | $246.8m | 0.61 |
| Q2 2024 | $591.9m | $344.8m | 0.58 |
| Q3 2024 | $698.8m | $463.4m | 0.66 |
Biggest buyers
| Orbis Allan Gray Ltd | Added | +10.4m |
| BESSEMER GROUP INC | Added | +6.5m |
| MORGAN STANLEY | Added | +5.0m |
| BARCLAYS PLC | Added | +2.3m |
| NATIONAL BANK OF CANADA /FI/ | Added | +2.2m |
| JPMORGAN CHASE & CO | Added | +2.1m |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Added | +2.1m |
| CITADEL ADVISORS LLC | Added | +1.7m |
| FIL Ltd | New | +1.6m |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | Added | +1.4m |
Biggest sellers
| MARSHALL WACE, LLP | Reduced | -6.1m |
| LORD, ABBETT & CO. LLC | Reduced | -5.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -4.9m |
| Duquesne Family Office LLC | Reduced | -4.1m |
| Southpoint Capital Advisors LP | Sold out | -3.0m |
| Castle Hook Partners LP | Reduced | -2.8m |
| STATE STREET CORP | Reduced | -2.2m |
| Squarepoint Ops LLC | Reduced | -2.1m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -1.7m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -1.3m |
Biggest calls
| Slate Path Capital LP | Unchanged | $106.2m4.8m shares |
| JPMORGAN CHASE & CO | Added | $78.3m3.5m shares |
| CITIGROUP INC | Added | $69.8m3.2m shares |
| UBS Group AG | Reduced | $67.2m3.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $64.2m2.9m shares |
| JANE STREET GROUP, LLC | Added | $41.0m1.9m shares |
| CITADEL ADVISORS LLC | Reduced | $39.0m1.8m shares |
| GOLDMAN SACHS GROUP INC | Added | $28.1m1.3m shares |
| Squarepoint Ops LLC | Added | $27.4m1.2m shares |
| BANK OF AMERICA CORP /DE/ | Added | $26.0m1.2m shares |
Biggest puts
| UBS Group AG | Added | $84.9m3.8m shares |
| CITIGROUP INC | Added | $83.5m3.8m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $62.6m28.3k shares |
| JPMORGAN CHASE & CO | Added | $61.0m2.8m shares |
| GOLDMAN SACHS GROUP INC | Added | $34.1m1.5m shares |
| CITADEL ADVISORS LLC | Added | $23.7m1.1m shares |
| HSBC HOLDINGS PLC | Added | $21.5m978.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $19.7m892.0k shares |
| Squarepoint Ops LLC | Reduced | $17.7m799.9k shares |
| IMC-Chicago, LLC | Reduced | $8.7m393.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q3 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2022 | 0 | — | 1 | $109.3k | — |
| Q1 2023 | 0 | — | 2 | $267.7k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 2 | $1.1m | $162.2k |
| Q4 2023 | 0 | — | 2 | $1.4m | — |
| Q1 2024 | 0 | — | 1 | $135.0k | $135.0k |
| Q2 2024 | 0 | — | 2 | $5.3m | — |
| Q3 2024 | 1 | $201.0k | 3 | $4.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-14 | Sanders Dax VP (Pres., Products Pipelines) | Sold | $1.1m51.3k shares |
| 2024-08-13 | Sanders Dax VP (Pres., Products Pipelines) | Sold | $36.3k1.7k shares |
| 2024-08-02 | Chronis Amy W Director | Bought | $200.0k9.7k shares |
| 2024-08-01 | MARTIN THOMAS A President | Sold | $2.1m100.0k shares |
| 2024-08-01 | Mody Sital K V.P. (Pres.,Nat Gas Pipelines) | Sold | $529.6k25.2k shares |
| 2024-08-01 | Chronis Amy W Director | Bought | $99147 shares |
| 2024-07-24 | Mody Sital K V.P. (Pres.,Nat Gas Pipelines) | Sold | $455.0k21.4k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 201.4m $4.4bn | Added +926.7k |
| BlackRock, Inc. 0.07% of their portfolio | 152.7m $3.4bn | First filing |
| STATE STREET CORP 0.11% of their portfolio | 126.5m $2.8bn | Reduced -2.2m |
| JPMORGAN CHASE & CO 0.07% of their portfolio | 76.7m $1.7bn | Added +2.1m |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 63.6m $1.4bn | Added +227.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 50.5m $1.1bn | Reduced -337.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio | 30.7m $678.8m | Reduced -85.4k |
| MORGAN STANLEY 0.05% of their portfolio | 30.6m $675.9m | Added +5.0m |
| NORGES BANK 0.09% of their portfolio | 28.9m $638.7m | Added +1.3m |
| Invesco Ltd. 0.11% of their portfolio | 26.7m $589.1m | Added +593.3k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 19.3m $427.1m | Reduced -1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 19.1m $421.1m | Reduced -4.9m |
| Orbis Allan Gray Ltd 2.14% of their portfolio | 18.3m $403.6m | Added +10.4m |
| UBS Group AG 0.11% of their portfolio | 17.8m $393.0m | Added +849.1k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 17.0m $375.1m | Added +76.4k |
| Legal & General Group Plc 0.09% of their portfolio | 16.0m $354.0m | Reduced -814.1k |
| WELLS FARGO & COMPANY/MN 0.08% of their portfolio | 14.7m $325.3m | Added +868.4k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 12.6m $279.3m | Reduced -419.5k |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 12.6m $278.2m | Reduced -299.9k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 11.9m $263.4m | Reduced -350.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 11.8m $259.9m | Reduced -97.4k |
| Ensign Peak Advisors, Inc 0.45% of their portfolio | 11.7m $257.8m | Added +189.0k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 3.19% of their portfolio | 11.2m $247.7m | Added +457.5k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 5.94% of their portfolio | 10.6m $233.0m | Added +69.3k |
| Energy Income Partners, LLC 4.67% of their portfolio | 9.9m $218.0m | Reduced -95.6k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 9.3m $204.4m | Reduced -164.1k |
| Amundi 0.08% of their portfolio | 9.2m $213.8m | Reduced -1.1m |
| Clearbridge Investments, LLC 0.15% of their portfolio | 8.8m $194.1m | Added +432.5k |
| First Pacific Advisors, LP 2.51% of their portfolio | 8.2m $180.9m | Reduced -9.2k |
| BARCLAYS PLC 0.08% of their portfolio | 8.2m $180.8m | Added +2.3m |
| BERKLEY W R CORP 12.07% of their portfolio | 7.6m $168.4m | Unchanged |
| Castle Hook Partners LP 5.03% of their portfolio | 7.6m $168.1m | Reduced -2.8m |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 7.5m $163.1m | Added +164.2k |
| FPR PARTNERS LLC 14.02% of their portfolio | 6.8m $150.1m | Reduced -500.0k |
| California Public Employees Retirement System 0.10% of their portfolio | 6.8m $149.6m | Reduced -69.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.33% of their portfolio | 6.7m $147.6m | Reduced -178.0k |
| BESSEMER GROUP INC 0.24% of their portfolio | 6.6m $145.9m | Added +6.5m |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 6.0m $131.8m | Reduced -167.6k |
| Swiss National Bank 0.09% of their portfolio | 5.9m $131.0m | Added +14.8k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 5.6m $127.3m | Reduced -825.6k |
| FIRST TRUST ADVISORS LP 0.12% of their portfolio | 5.6m $122.9m | Added +318.4k |
| LORD, ABBETT & CO. LLC 0.36% of their portfolio | 5.1m $111.6m | Reduced -5.1m |
| Bahl & Gaynor LLC 0.54% of their portfolio | 4.8m $105.7m | Added +42.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 4.6m $101.4m | Added +29.9k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.32% of their portfolio | 4.5m $99.1m | Reduced -62.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 4.4m $98.0m | Added +21.3k |
| RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio | 4.4m $96.2m | Reduced -41.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 4.1m $90.2m | Reduced -28.3k |
| THOMPSON SIEGEL & WALMSLEY LLC 1.34% of their portfolio | 4.0m $89.4m | Reduced -396.1k |
| Assenagon Asset Management S.A. 0.18% of their portfolio | 4.0m $88.5m | Added +932.5k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 3.9m $85.9m | Reduced -171.2k |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 3.8m $84.7m | Reduced -1.2m |
| Empower Advisory Group, LLC 0.28% of their portfolio | 3.8m $84.1m | Added +45.9k |
| LPL Financial LLC 0.04% of their portfolio | 3.7m $82.7m | Added +178.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 3.6m $79.9m | Added +473.0k |
| Sound Shore Management Inc /CT/ 2.59% of their portfolio | 3.6m $79.6m | Reduced -1.2m |
| Rockefeller Capital Management L.P. 0.21% of their portfolio | 3.6m $79.0m | Reduced -228.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 3.5m $76.9m | Added +62.5k |
| Allianz Asset Management GmbH 0.12% of their portfolio | 3.4m $75.6m | Reduced -81.1k |
| WESTWOOD HOLDINGS GROUP INC 0.32% of their portfolio | 3.4m $74.8m | Added +1.3m |
| Focus Partners Wealth 0.24% of their portfolio | 3.4m $74.5m | Added +1.3m |
| FMR LLC 0.00% of their portfolio | 3.3m $71.9m | Reduced -228.3k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.45% of their portfolio | 3.2m $71.5m | Reduced -28.6k |
| ZACKS INVESTMENT MANAGEMENT 0.62% of their portfolio | 3.2m $70.9m | Added +307.0k |
| National Pension Service 0.06% of their portfolio | 2.9m $64.9m | Added +400.4k |
| NATIONAL BANK OF CANADA /FI/ 0.09% of their portfolio | 2.9m $64.9m | Added +2.2m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 2.9m $64.7m | Added +353.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 2.8m $62.4m | Reduced -1.7m |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.59% of their portfolio | 2.8m $62.3m | Reduced -357.8k |
| Advisors Capital Management, LLC 0.99% of their portfolio | 2.8m $61.1m | Added +52.4k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.26% of their portfolio | 2.7m $60.5m | Added +33.2k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 1.09% of their portfolio | 2.7m $58.8m | Reduced -20.4k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 2.7m $58.7m | Added +105.5k |
| AVIVA PLC 0.15% of their portfolio | 2.6m $57.7m | Added +7.3k |
| Duquesne Family Office LLC 2.02% of their portfolio | 2.6m $57.7m | Reduced -4.1m |
| Fayez Sarofim & Co 0.14% of their portfolio | 2.5m $54.6m | Reduced -61.1k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 2.4m $52.5m | Added +20.3k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 2.4m $52.4m | Reduced -151.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 2.3m $51.8m | Reduced -114.0k |
| Mariner, LLC 0.09% of their portfolio | 2.3m $51.4m | Added +90.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 2.3m $50.6m | Added +72.0k |
| STIFEL FINANCIAL CORP 0.05% of their portfolio | 2.3m $50.3m | Reduced -25.0k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.12% of their portfolio | 2.2m $49.1m | Added +110.7k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 2.2m $48.6m | Reduced -298.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 2.2m $48.1m | Reduced -28.8k |
| SIR Capital Management, L.P. 4.66% of their portfolio | 2.2m $47.9m | Reduced -891.9k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.38% of their portfolio | 2.2m $137.1k | Added +2.1m |
| River Road Asset Management, LLC 0.62% of their portfolio | 2.1m $47.3m | Reduced -38.2k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 2.1m $45.8m | Added +1.7m |
| EXCHANGE TRADED CONCEPTS, LLC 1.08% of their portfolio | 2.1m $45.7m | Added +57.5k |
| Korea Investment CORP 0.11% of their portfolio | 2.0m $44.5m | Added +468.0k |
| CITIGROUP INC 0.04% of their portfolio | 2.0m $44.1m | Reduced -26.9k |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 2.0m $43.8m | Reduced -32.8k |
| ALPS ADVISORS INC 0.28% of their portfolio | 1.9m $42.0m | Reduced -1.4k |
| Recurrent Investment Advisors LLC 4.16% of their portfolio | 1.9m $41.8m | Reduced -6.6k |
| NICHOLS & PRATT ADVISERS LLP /MA 2.63% of their portfolio | 1.8m $40.7m | Reduced -7.5k |
| TRUIST FINANCIAL CORP 0.06% of their portfolio | 1.8m $40.2m | Added +247.0k |
| PENN DAVIS MCFARLAND INC 4.47% of their portfolio | 1.8m $39.8m | Added +117.0k |
| Swiss Life Asset Management Ltd 0.44% of their portfolio | 1.8m $38.7m | Added +4.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.11% of their portfolio | 1.7m $38.6m | Added +710.8k |