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

Premier Fund Managers Ltd grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 12.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Board of the Pension Protection Fund purchased a new position in shares of Kinder Morgan during the 4th quarter worth about $27,000. Dorato Capital Management bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $30,000. Strategic Advocates LLC bought a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $32,000. Torren Management LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $32,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $33,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $31.60 on Thursday. The company’s fifty day moving average price is $32.85 and its 200 day moving average price is $29.70. Kinder Morgan, Inc. has a 1 year low of $25.60 and a 1 year high of $34.73. The company has a market capitalization of $70.29 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.78 and a beta of 0.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

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

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be issued a dividend of $0.2975 per share. The ex-dividend date of this dividend is Monday, May 4th. This is a positive change 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%.

Wall Street Analyst Weigh In

Several analysts have weighed in on KMI shares. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Citigroup increased their price objective on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Truist Financial initiated coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

Insider Buying and Selling at Kinder Morgan

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

Kinder Morgan Company Profile

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.