Fisher Funds Management LTD Acquires Shares of 2,280,613 Kinder Morgan, Inc. (NYSE:KMI)

Fisher Funds Management LTD bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 2,280,613 shares of the pipeline company’s stock, valued at approximately $62,534,000. Kinder Morgan accounts for 1.5% of Fisher Funds Management LTD’s investment portfolio, making the stock its 21st biggest position. Fisher Funds Management LTD owned about 0.10% of Kinder Morgan at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of KMI. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth about $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $29,000. Finally, Planning Capital Management Corp lifted its stake in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of several research analyst reports. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays upped their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley lifted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank initiated 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 on the stock. Finally, Citigroup boosted their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at $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 is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value 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. This represents a 2.05 % 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 valued at $3,504,136 over the last 90 days. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.7 %

Kinder Morgan stock opened at $26.41 on Friday. The business’s 50-day simple moving average is $27.77 and its two-hundred day simple moving average is $25.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a market cap of $58.67 billion, a PE ratio of 22.57, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $17.02 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 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 anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.36%. Kinder Morgan’s payout ratio is currently 98.29%.

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.