Kinder Morgan, Inc. $KMI Shares Purchased by TTP Investments Inc.

TTP Investments Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.5% in the second quarter, HoldingsChannel.com reports. The firm owned 81,026 shares of the pipeline company’s stock after purchasing an additional 1,965 shares during the quarter. Kinder Morgan comprises approximately 0.8% of TTP Investments Inc.’s investment portfolio, making the stock its 25th biggest holding. TTP Investments Inc.’s holdings in Kinder Morgan were worth $2,382,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Morton Capital Management LLC CA grew its position in Kinder Morgan by 1.0% in the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock worth $1,084,000 after buying an additional 377 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in Kinder Morgan by 0.8% in the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock worth $1,396,000 after buying an additional 378 shares during the last quarter. Signaturefd LLC grew its position in Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock worth $601,000 after buying an additional 381 shares during the last quarter. Aspiriant LLC grew its position in Kinder Morgan by 1.7% in the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company’s stock worth $677,000 after buying an additional 396 shares during the last quarter. Finally, Presima Securities ULC grew its position in Kinder Morgan by 0.9% in the first quarter. Presima Securities ULC now owns 46,796 shares of the pipeline company’s stock worth $1,335,000 after buying an additional 396 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Amy W. Chronis bought 2,759 shares of the business’s stock in a transaction on Monday, July 28th. The stock was purchased at an average price 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction on Monday, August 4th. The stock was 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 of the company’s stock, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,008 shares of company stock worth $3,553,982. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Down 0.8%

KMI stock opened at $27.46 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 1 year low of $21.45 and a 1 year high of $31.48. The company has a fifty day simple moving average of $27.17 and a 200 day simple moving average of $27.38. The firm has a market cap of $61.02 billion, a PE ratio of 22.51, a PEG ratio of 3.22 and a beta of 0.81.

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

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s payout ratio is currently 95.90%.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent research reports. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research report on Friday. They issued an “outperform” rating and a $32.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.06.

Kinder Morgan Profile

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.