Mirabella Financial Services LLP Acquires New Position in Kinder Morgan, Inc. (NYSE:KMI)

Mirabella Financial Services LLP purchased a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 79,595 shares of the pipeline company's stock, valued at approximately $2,180,000.

Several other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $917,523,000. Raymond James Financial Inc. acquired a new stake in Kinder Morgan in the 4th quarter valued at about $157,804,000. Artisan Partners Limited Partnership purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $87,729,000. Amundi increased its stake in shares of Kinder Morgan by 28.9% in the 4th 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 last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Kinder Morgan by 223.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company's stock valued at $94,968,000 after purchasing an additional 2,395,930 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 1.0 %

Shares of NYSE:KMI traded up $0.27 during trading on Thursday, hitting $26.87. 10,986,826 shares of the company were exchanged, compared to its average volume of 13,956,466. The firm's 50 day moving average price is $26.94 and its 200-day moving average price is $26.97. Kinder Morgan, Inc. has a 12-month low of $18.13 and a 12-month high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The stock has a market capitalization of $59.71 billion, a P/E ratio of 22.97, a PEG ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.35%. Kinder Morgan's payout ratio is currently 100.86%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KMI. Scotiabank raised their target price on Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Monday. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Truist Financial lifted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Citigroup increased their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,461 shares of company stock valued at $3,506,116. Insiders own 12.73% of the company's stock.

Kinder Morgan Company 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.