Kinder Morgan, Inc. $KMI Shares Purchased by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners LLC increased its stake in Kinder Morgan, Inc. by 4.2% in the second quarter, now holding 295,725 shares valued at approximately $8.69 million.
• A number of research firms raised their price targets for Kinder Morgan, with Barclays and JPMorgan setting new targets at $32.00
• Insider activity includes Director Amy W. Chronis purchasing 2,759 shares while CFO David Patrick Michels sold 40,000 shares, indicating mixed sentiment among company insiders.

Cyndeo Wealth Partners LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,725 shares of the pipeline company's stock after acquiring an additional 11,956 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Kinder Morgan were worth $8,694,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC grew its position in Kinder Morgan by 927.1% in 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 in the last quarter. JNBA Financial Advisors grew its position in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock valued at $31,000 after acquiring an additional 562 shares in the last quarter. Grove Bank & Trust grew its position in Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KMI. Barclays reissued an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. JPMorgan Chase & Co. raised their price target 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. Jefferies Financial Group initiated coverage on Kinder Morgan in a research note on Thursday. They set a "hold" rating and a $30.00 price objective on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Kinder Morgan in a research note on Wednesday. Finally, Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research note on Friday, July 25th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.88.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of the stock in a transaction on Monday, July 28th. The shares were bought at an average price of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director directly owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,174 shares of company stock worth $3,727,678. Company insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $27.53 on Friday. The company's 50-day moving average price is $27.28 and its two-hundred day moving average price is $27.46. The stock has a market cap of $61.17 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 3.31 and a beta of 0.78. Kinder Morgan, Inc. has a 52 week low of $23.36 and a 52 week high of $31.48. 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 (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.Kinder Morgan's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's payout ratio is 95.90%.

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.

Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.