Miller Financial Services LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Miller Financial Services LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 59,148 shares of the pipeline company's stock, valued at approximately $1,621,000. Kinder Morgan accounts for approximately 1.4% of Miller Financial Services LLC's holdings, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Kinder Morgan during the 4th quarter worth about $157,804,000. Amundi grew its holdings in Kinder Morgan by 28.9% during the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after acquiring an additional 2,650,040 shares during the period. Barclays PLC raised its position in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. Fisher Funds Management LTD acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $62,534,000. Finally, National Bank of Canada FI boosted its position in Kinder Morgan by 295.5% in the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock worth $64,879,000 after purchasing an additional 2,194,489 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,490,996 in the last three months. 12.64% of the stock is owned by corporate insiders.

Remove Ads

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KMI shares. Scotiabank assumed coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price for the company. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Citigroup raised their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group upped their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada raised their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded up $0.02 during trading hours on Thursday, reaching $26.54. 10,448,778 shares of the company's stock were exchanged, compared to its average volume of 13,355,071. The business has a fifty day moving average of $27.62 and a two-hundred day moving average of $25.83. The company has a market capitalization of $58.98 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1 year low of $17.45 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.33%. Kinder Morgan's payout ratio is 98.29%.

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.