Pallas Capital Advisors LLC Has $898,000 Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Pallas Capital Advisors LLC increased its position in Kinder Morgan by 43.8%, owning 30,540 shares worth $898,000 as of the latest SEC filing.
• Insider trading shows Director Amy W. Chronis purchased 2,759 shares, while CFO David Patrick Michels sold 40,000 shares, indicating mixed insider sentiment.
• Kinder Morgan's stock price has a target range from $29.00 to $34.00 according to multiple analysts, with a current consensus rating of "Moderate Buy."

Pallas Capital Advisors LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 43.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,540 shares of the pipeline company's stock after acquiring an additional 9,300 shares during the period. Pallas Capital Advisors LLC's holdings in Kinder Morgan were worth $898,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after buying an additional 788 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $26,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $29,000. JNBA Financial Advisors boosted its holdings in shares of Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after buying an additional 870 shares during the period. Finally, Grove Bank & Trust boosted its holdings in shares of Kinder Morgan by 2,913.5% in the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock worth $32,000 after buying an additional 1,078 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling

In other news, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the sale, the vice president owned 225,868 shares in the company, valued at $6,098,436. This represents a 2.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,008 shares of company stock worth $3,553,982 in the last three months. Company insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

KMI traded down $0.21 during trading on Friday, reaching $27.46. 20,818,468 shares of the company's stock were exchanged, compared to its average volume of 11,150,739. Kinder Morgan, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average price of $27.17 and a 200 day moving average price of $27.38. The company has a market capitalization of $61.02 billion, a P/E ratio of 22.51, a PEG ratio of 3.22 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company earned $0.26 earnings per share. The business's 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. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared 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. The ex-dividend date 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

Several research firms recently commented on KMI. 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 report on Monday, July 28th. BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday. They set an "outperform" rating and a $32.00 price target for the company. Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating for the company. Barclays restated an "overweight" rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Morgan Stanley set a $32.00 price target on shares of Kinder Morgan in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.