Miller Financial Services LLC Invests $1.62 Million in Kinder Morgan, Inc. (NYSE:KMI)

Miller Financial Services LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 59,148 shares of the pipeline company’s stock, valued at approximately $1,621,000. Kinder Morgan comprises approximately 1.4% of Miller Financial Services LLC’s portfolio, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. increased its holdings in Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after buying an additional 71,984 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Kinder Morgan in the third quarter valued at approximately $43,000. Leavell Investment Management Inc. acquired a new position in Kinder Morgan in the third quarter valued at approximately $310,000. Assetmark Inc. boosted its stake in Kinder Morgan by 50.6% in the third quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock valued at $95,000 after acquiring an additional 1,450 shares during the period. Finally, Los Angeles Capital Management LLC boosted its stake in Kinder Morgan by 8.2% in the third quarter. Los Angeles Capital Management LLC now owns 990,445 shares of the pipeline company’s stock valued at $21,879,000 after acquiring an additional 75,194 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the company’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 completion of the sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,461 shares of company stock worth $3,490,996. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.2 %

NYSE KMI opened at $26.08 on Tuesday. 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 stock’s 50 day moving average is $27.69 and its two-hundred day moving average is $25.79. The company has a market capitalization of $57.94 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $17.45 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KMI shares. Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. UBS Group boosted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Mizuho boosted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

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.