MassMutual Private Wealth & Trust FSB Increases Stake in Kinder Morgan, Inc. $KMI

MassMutual Private Wealth & Trust FSB boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 37.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,536 shares of the pipeline company’s stock after acquiring an additional 3,155 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Kinder Morgan were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Morton Capital Management LLC CA raised its position in Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock valued at $1,084,000 after acquiring an additional 377 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in Kinder Morgan by 0.8% during the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock valued at $1,396,000 after acquiring an additional 378 shares in the last quarter. Signaturefd LLC raised its position in Kinder Morgan by 1.8% during the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock valued at $601,000 after acquiring an additional 381 shares in the last quarter. Aspiriant LLC raised its position in Kinder Morgan by 1.7% during the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company’s stock valued at $677,000 after acquiring an additional 396 shares in the last quarter. Finally, Presima Securities ULC increased its position in shares of Kinder Morgan by 0.9% in the first quarter. Presima Securities ULC now owns 46,796 shares of the pipeline company’s stock valued at $1,335,000 after buying an additional 396 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.68 on Friday. The stock’s fifty day moving average is $27.18 and its two-hundred day moving average is $27.37. The firm has a market capitalization of $61.51 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 3.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the company posted $0.26 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s dividend payout ratio is 95.90%.

Analyst Ratings Changes

A number of analysts have recently commented on KMI shares. Scotiabank boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Wells Fargo & Company boosted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, Barclays restated an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the transaction, the vice president owned 225,868 shares of the company’s stock, valued at $6,098,436. This represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,008 shares of company stock worth $3,553,982. Corporate 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.