Texas Yale Capital Corp. Buys 3,260 Shares of Kinder Morgan, Inc. $KMI

Texas Yale Capital Corp. raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,884 shares of the pipeline company’s stock after acquiring an additional 3,260 shares during the quarter. Texas Yale Capital Corp.’s holdings in Kinder Morgan were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cranbrook Wealth Management LLC increased its holdings in shares of Kinder Morgan by 116.1% in the second 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. Wolff Wiese Magana LLC bought a new position in Kinder Morgan in the 2nd quarter valued at $34,000. Clearstead Trust LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at $40,000. N.E.W. Advisory Services LLC bought a new stake in shares of Kinder Morgan during the first quarter worth $46,000. Finally, Graney & King LLC lifted its stake in shares of Kinder Morgan by 103.7% during the first quarter. Graney & King LLC now owns 1,670 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 850 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on KMI. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Scotiabank dropped their target price 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. Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research note on Thursday, October 9th. Finally, BMO Capital Markets began coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Ten 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, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Insider Activity at Kinder Morgan

In related news, Chairman Richard D. Kinder acquired 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the transaction, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. The trade was a 0.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 3,800 shares of Kinder Morgan stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director owned 39,051 shares in the company, valued at approximately $1,024,307.73. This trade represents a 10.78% 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 worth $26,072,463 and have sold 42,459 shares worth $1,155,114. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

Shares of KMI stock opened at $26.55 on Friday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The firm has a market capitalization of $59.07 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm has a fifty day moving average of $27.16 and a 200-day moving average of $27.41.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the business posted $0.25 EPS. The firm’s revenue 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. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan’s 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.