Kinder Morgan, Inc. $KMI Shares Bought by Cranbrook Wealth Management LLC

Cranbrook Wealth Management LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 116.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,046 shares of the pipeline company’s stock after buying an additional 562 shares during the period. Cranbrook Wealth Management LLC’s holdings in Kinder Morgan were worth $31,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC grew its position in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 788 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at about $29,000. JNBA Financial Advisors grew its holdings in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares during the period. Grove Bank & Trust increased its position in Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Kinder Morgan in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the transaction, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis bought 2,759 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the transaction, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 128,008 shares of company stock valued at $3,553,982 over the last ninety days. 12.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank decreased their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. TD Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 target price on the stock. Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating for the company. Morgan Stanley set a $32.00 price objective on Kinder Morgan in a research report on Thursday, September 18th. Finally, JPMorgan Chase & Co. upped their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.06.

Kinder Morgan Stock Up 1.0%

Shares of NYSE KMI opened at $27.47 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a 1 year low of $21.61 and a 1 year high of $31.48. The stock’s 50-day simple moving average is $27.13 and its 200-day simple moving average is $27.40. The firm has a market cap of $61.03 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 3.19 and a beta of 0.81.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the business posted $0.26 earnings per share. Kinder Morgan’s revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s dividend payout ratio is currently 95.90%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.