Premier Fund Managers Ltd Buys 18,100 Shares of Kinder Morgan, Inc. $KMI

Premier Fund Managers Ltd increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,815 shares of the pipeline company’s stock after buying an additional 18,100 shares during the period. Premier Fund Managers Ltd’s holdings in Kinder Morgan were worth $4,658,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Personal CFO Solutions LLC increased its stake in shares of Kinder Morgan by 4.5% during the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock valued at $217,000 after purchasing an additional 340 shares in the last quarter. Red Door Wealth Management LLC increased its stake in shares of Kinder Morgan by 2.2% during the fourth quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company’s stock valued at $489,000 after purchasing an additional 389 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Kinder Morgan by 5.6% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,564 shares of the pipeline company’s stock valued at $208,000 after purchasing an additional 399 shares in the last quarter. Sagespring Wealth Partners LLC increased its stake in shares of Kinder Morgan by 1.6% during the fourth quarter. Sagespring Wealth Partners LLC now owns 26,503 shares of the pipeline company’s stock valued at $729,000 after purchasing an additional 405 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of Kinder Morgan by 22.4% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,266 shares of the pipeline company’s stock valued at $62,000 after purchasing an additional 414 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Mizuho raised their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. Jefferies Financial Group decreased their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada increased their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

Insiders Place Their Bets

In other Kinder Morgan news, VP Anthony B. Ashley sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the transaction, the vice president directly owned 100,146 shares in the company, valued at approximately $3,199,664.70. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the transaction, the vice president owned 188,872 shares in the company, valued at $6,359,320.24. The trade was a 3.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 29,598 shares of company stock worth $966,877. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Trading Down 2.2%

Shares of KMI stock opened at $31.60 on Thursday. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.73. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average is $32.85 and its 200 day moving average is $29.70. The stock has a market capitalization of $70.29 billion, a P/E ratio of 21.20, a P/E/G ratio of 2.78 and a beta of 0.56.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.48 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be given a $0.2975 dividend. The ex-dividend date is Monday, May 4th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan’s payout ratio is 79.87%.

About Kinder Morgan

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.