Cyndeo Wealth Partners LLC Purchases 11,956 Shares of Kinder Morgan, Inc. $KMI

Cyndeo Wealth Partners LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 295,725 shares of the pipeline company’s stock after buying an additional 11,956 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Kinder Morgan were worth $8,694,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KMI. Sierra Ocean LLC lifted its holdings 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 purchasing an additional 788 shares during the last quarter. JNBA Financial Advisors lifted its holdings 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 purchasing an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC lifted its holdings in Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares during the last quarter. Grove Bank & Trust lifted its holdings in Kinder Morgan by 2,913.5% in 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 during the last quarter. Finally, Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan in the 2nd quarter worth approximately $34,000. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley set a $30.00 target price on Kinder Morgan in a report on Thursday. Scotiabank reduced their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. Barclays restated an “overweight” rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Jefferies Financial Group initiated coverage on Kinder Morgan in a report on Thursday. They set a “hold” rating and a $30.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.88.

Kinder Morgan Stock Down 2.2%

Shares of KMI stock opened at $27.53 on Friday. Kinder Morgan, Inc. has a 12 month low of $23.36 and a 12 month high of $31.48. The firm 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. The stock has a 50 day moving average of $27.28 and a 200-day moving average of $27.46. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given 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 dividend yield of 4.2%. Kinder Morgan’s payout ratio is currently 95.90%.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis acquired 2,759 shares of the stock in a transaction dated Monday, July 28th. The shares were acquired at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,174 shares of company stock valued at $3,727,678 in the last quarter. 12.73% of the stock is currently owned by corporate insiders.

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.