Tectonic Advisors LLC Grows Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Tectonic Advisors LLC increased its stake in Kinder Morgan, Inc. by 49.6% during the second quarter, now holding 39,726 shares valued at approximately $1.17 million.
• Insider transactions included Director Amy W. Chronis, who bought 2,759 shares, while VP Sital K. Mody sold 45,549 shares, indicating mixed insider sentiment.
• Analyst ratings for Kinder Morgan indicate a consensus of "Moderate Buy" with a price target around $30.88, amidst varying ratings from firms like BMO Capital Markets and Scotiabank.

Tectonic Advisors LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 49.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,726 shares of the pipeline company's stock after buying an additional 13,171 shares during the period. Tectonic Advisors LLC's holdings in Kinder Morgan were worth $1,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMI. Sierra Ocean LLC grew its stake in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares in the last quarter. JNBA Financial Advisors grew its stake in Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after buying an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC boosted its stake in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 562 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Wolff Wiese Magana LLC bought a new stake in Kinder Morgan in the second quarter worth $34,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 2,759 shares of the firm's stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Insiders sold 134,174 shares of company stock valued at $3,727,678 over the last quarter. 12.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on KMI shares. BMO Capital Markets started coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an "outperform" rating and a $32.00 price target for the company. Jefferies Financial Group started coverage on shares of Kinder Morgan in a research report on Thursday. They set a "hold" rating and a $30.00 price target for the company. TD Cowen started coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price target for the company. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a research report on Thursday. Finally, Scotiabank cut their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating for the company in a research report on Friday, September 19th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.88.

Kinder Morgan Trading Down 2.2%

Shares of KMI opened at $27.53 on Friday. The stock has a market capitalization of $61.17 billion, a P/E ratio of 22.57, a PEG ratio of 3.31 and a beta of 0.78. 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 firm has a fifty day simple moving average of $27.28 and a two-hundred day simple moving average of $27.46. Kinder Morgan, Inc. has a twelve month low of $23.36 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share 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 analysts' expectations of $3.75 billion. During the same quarter in the prior year, the company posted $0.26 EPS. The firm's revenue for the quarter 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. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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

Kinder Morgan Company 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.

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