Intrepid Capital Management Inc. Buys New Stake in Kinder Morgan, Inc. (NYSE:KMI)

Intrepid Capital Management Inc. acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,033 shares of the pipeline company’s stock, valued at approximately $220,000.

A number of other hedge funds have also modified their holdings of KMI. Xponance Inc. boosted its stake in shares of Kinder Morgan by 5.2% in the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock valued at $8,303,000 after purchasing an additional 15,114 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares in the last quarter. Golden State Equity Partners boosted its holdings in shares of Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after acquiring an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. grew its position in Kinder Morgan by 2.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock worth $62,062,000 after acquiring an additional 44,474 shares during the last quarter. Finally, Barclays PLC raised its position in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Mizuho lifted their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Finally, Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.64.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now owns 825,652 shares of the company’s stock, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 over the last quarter. 12.81% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

Shares of KMI stock opened at $28.63 on Wednesday. The firm has a market capitalization of $63.60 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average of $27.39 and a 200-day moving average of $26.52.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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%. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

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.