Buck Wealth Strategies LLC Acquires 2,460 Shares of Kinder Morgan, Inc. $KMI

Buck Wealth Strategies LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 33.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,794 shares of the pipeline company’s stock after purchasing an additional 2,460 shares during the period. Buck Wealth Strategies LLC’s holdings in Kinder Morgan were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KMI. Sierra Ocean LLC boosted 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 valued at $25,000 after purchasing an additional 788 shares during the period. JNBA Financial Advisors lifted its holdings in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 870 shares during the period. Cranbrook Wealth Management LLC lifted its holdings in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 562 shares during the period. Wolff Wiese Magana LLC bought a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $34,000. Finally, Clearstead Trust LLC bought a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $40,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

KMI stock opened at $25.87 on Thursday. The company has a 50 day simple moving average of $27.26 and a 200 day simple moving average of $27.45. The stock has a market cap of $57.55 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 3.03 and a beta of 0.78. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53.

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, hitting analysts’ consensus estimates of $0.29. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Insider Buying and Selling at Kinder Morgan

In related news, CFO David Patrick Michels sold 40,000 shares of the company’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 transaction of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the company’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 transaction of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 134,174 shares of company stock worth $3,727,678 over the last 90 days. 12.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMI. Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating for the company. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, August 14th. BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target for the company. 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 report on Friday, September 19th. Finally, JPMorgan Chase & Co. upped 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. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.13.

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.