Phoenix Financial Ltd. Acquires Shares of 17,401 Kinder Morgan, Inc. (NYSE:KMI)

Phoenix Financial Ltd. bought a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,401 shares of the pipeline company's stock, valued at approximately $477,000.

Several other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new stake in Kinder Morgan during the 4th quarter valued at about $917,523,000. Raymond James Financial Inc. bought a new position in Kinder Morgan in the 4th quarter valued at approximately $157,804,000. Artisan Partners Limited Partnership purchased a new stake in Kinder Morgan during the 4th quarter valued at $87,729,000. Amundi increased its holdings 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 purchasing an additional 2,650,040 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake 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 worth $94,968,000 after purchasing an additional 2,395,930 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on 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. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,461 shares of company stock worth $3,506,116. 12.64% of the stock is owned by corporate insiders.

Remove Ads

Kinder Morgan Stock Performance

NYSE KMI traded up $0.41 on Tuesday, hitting $27.21. 12,972,847 shares of the company traded hands, compared to its average volume of 13,987,547. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The business's 50 day moving average price is $26.93 and its 200-day moving average price is $26.84. The company has a market capitalization of $60.47 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a 52-week low of $17.61 and a 52-week 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 analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 annualized dividend and a dividend yield of 4.23%. Kinder Morgan's payout ratio is 98.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. UBS Group raised their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a report on Monday, March 3rd. Morgan Stanley raised their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a "sector perform" rating and a $26.00 target price for the company. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

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.