Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Premier Fund Managers Ltd

Premier Fund Managers Ltd raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 26.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,000 shares of the pipeline company’s stock after acquiring an additional 27,500 shares during the quarter. Premier Fund Managers Ltd’s holdings in Kinder Morgan were worth $3,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMI. Brighton Jones LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at about $308,000. American Century Companies Inc. lifted its stake in Kinder Morgan by 3.8% during the fourth quarter. American Century Companies Inc. now owns 369,451 shares of the pipeline company’s stock valued at $10,123,000 after buying an additional 13,367 shares in the last quarter. Allstate Corp purchased a new stake in Kinder Morgan during the fourth quarter valued at about $1,644,000. CIBC Private Wealth Group LLC lifted its stake in Kinder Morgan by 7.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 483,434 shares of the pipeline company’s stock valued at $13,676,000 after buying an additional 32,243 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Kinder Morgan by 15.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 523,550 shares of the pipeline company’s stock valued at $14,345,000 after buying an additional 69,085 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on KMI. TD Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price objective for the company. Morgan Stanley set a $34.00 target price on Kinder Morgan in a report on Monday, July 7th. Royal Bank Of Canada upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. Barclays reiterated an “overweight” rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. upped their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan Trading Down 0.6%

NYSE:KMI opened at $27.22 on Tuesday. The stock’s 50 day moving average price is $27.93 and its 200 day moving average price is $27.56. Kinder Morgan, Inc. has a 52 week low of $19.68 and a 52 week high of $31.48. The company has a market capitalization of $60.48 billion, a P/E ratio of 22.31, a P/E/G ratio of 3.48 and a beta of 0.75. 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 (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.2925 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.30%. Kinder Morgan’s payout ratio is currently 95.90%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president owned 771,652 shares of the company’s stock, valued at $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.73% of the stock is owned by insiders.

About Kinder Morgan

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.