Tripletail Wealth Management LLC Makes New $826,000 Investment in Kinder Morgan, Inc. $KMI

Tripletail Wealth Management LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 30,587 shares of the pipeline company’s stock, valued at approximately $826,000. Kinder Morgan accounts for 1.2% of Tripletail Wealth Management LLC’s portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Kinder Morgan in the second quarter valued at $1,162,802,000. Nuveen LLC purchased a new stake in shares of Kinder Morgan in the first quarter worth about $205,966,000. 59 North Capital Management LP acquired a new stake in Kinder Morgan during the first quarter worth about $195,658,000. Marshall Wace LLP raised its position in Kinder Morgan by 364.8% during the second quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock valued at $122,461,000 after acquiring an additional 3,269,284 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after acquiring an additional 3,070,609 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, Director Amy W. Chronis purchased 3,800 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the transaction, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $27.81, for a total value of $171,476.46. Following the completion of the transaction, the vice president owned 207,370 shares in the company, valued at $5,766,959.70. The trade was a 2.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. 12.73% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Scotiabank lowered their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 target price on the stock. Finally, Mizuho dropped their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Nine 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, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Kinder Morgan Stock Down 1.9%

Shares of NYSE KMI opened at $27.26 on Tuesday. The firm has a market cap of $60.64 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. The company’s 50-day simple moving average is $27.06 and its 200-day simple moving average is $27.39. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the company posted $0.25 EPS. Kinder Morgan’s quarterly 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. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan’s payout ratio is currently 95.90%.

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.