TT Capital Management LLC Takes Position in Kinder Morgan, Inc. $KMI

TT Capital Management LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, HoldingsChannel reports. The firm acquired 87,285 shares of the pipeline company’s stock, valued at approximately $2,391,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. LFA Lugano Financial Advisors SA bought a new stake in shares of Kinder Morgan in the second quarter valued at about $26,000. Cranbrook Wealth Management LLC lifted its stake 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 valued at $31,000 after acquiring an additional 562 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Kinder Morgan during the 2nd quarter worth approximately $34,000. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at approximately $40,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMI has been the subject of several recent research reports. UBS Group restated a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a report on Friday. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a research report on Thursday, October 9th. BMO Capital Markets started coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Jefferies Financial Group initiated coverage on Kinder Morgan in a research report on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price on the stock. Finally, Royal Bank Of Canada increased their price target on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Kinder Morgan Stock Down 0.4%

Shares of KMI stock opened at $26.72 on Friday. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63. The stock has a market cap of $59.45 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.35 and a beta of 0.67. The firm’s 50-day moving average is $26.95 and its 200-day moving average is $27.37.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s payout ratio is currently 95.90%.

Insider Activity

In related news, Director Amy W. Chronis bought 3,800 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the purchase, the director owned 39,051 shares in the company, valued at $1,024,307.73. This represents a 10.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard D. Kinder bought 1,000,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 27th. The shares were bought at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the acquisition, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $511,655. Insiders own 12.73% of the company’s stock.

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.