Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Mirador Capital Partners LP

Mirador Capital Partners LP boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 283,656 shares of the pipeline company’s stock after acquiring an additional 20,804 shares during the period. Kinder Morgan makes up approximately 1.0% of Mirador Capital Partners LP’s portfolio, making the stock its 24th largest position. Mirador Capital Partners LP’s holdings in Kinder Morgan were worth $5,202,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Independent Advisor Alliance increased its stake in shares of Kinder Morgan by 13.8% in the 4th quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock valued at $1,148,000 after purchasing an additional 7,912 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $2,101,000. Rheos Capital Works Inc. raised its stake in shares of Kinder Morgan by 285.7% during the 4th quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock worth $19,051,000 after buying an additional 800,000 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Kinder Morgan by 9.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,032,483 shares of the pipeline company’s stock valued at $18,265,000 after buying an additional 89,312 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $860,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded up $0.13 on Monday, hitting $20.00. 328,766 shares of the company were exchanged, compared to its average volume of 13,642,682. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $20.19. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $44.39 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 3.14 and a beta of 0.93. The company has a 50-day moving average price of $19.32 and a 200 day moving average price of $18.23.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. The ex-dividend date was Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 5.75%. Kinder Morgan’s payout ratio is 104.55%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KMI shares. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Truist Financial reiterated a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Finally, UBS Group raised their target price on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Insider Buying and Selling at Kinder Morgan

In related news, VP Dax Sanders sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the transaction, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by company insiders.

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.