Tema Etfs LLC Invests $1.40 Million in Kinder Morgan, Inc. $KMI

Tema Etfs LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 49,428 shares of the pipeline company’s stock, valued at approximately $1,399,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. LFA Lugano Financial Advisors SA acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at approximately $26,000. Cranbrook Wealth Management LLC raised its holdings in Kinder Morgan by 116.1% during the second 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. Wolff Wiese Magana LLC purchased a new stake in Kinder Morgan during the second quarter worth $34,000. CoreFirst Bank & Trust acquired a new stake in Kinder Morgan in the second quarter valued at $35,000. Finally, Private Wealth Management Group LLC increased its position in shares of Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Jefferies Financial Group reduced their price target on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, December 23rd. Scotiabank dropped their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $29.00 target price on Kinder Morgan in a report on Tuesday, December 23rd. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

Kinder Morgan Trading Down 0.8%

Shares of Kinder Morgan stock opened at $26.91 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The business’s fifty day moving average is $26.99 and its two-hundred day moving average is $27.23. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm has a market cap of $59.88 billion, a PE ratio of 22.06, a P/E/G ratio of 2.24 and a beta of 0.69.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.2925 per share. 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 dividend payout ratio is currently 95.90%.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the transaction, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was bought at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the acquisition, the chairman owned 246,212,353 shares in the company, valued at $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. Insiders own 12.73% of the company’s stock.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.