Premier Fund Managers Ltd Has $3.69 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Premier Fund Managers Ltd increased its holdings in Kinder Morgan by 26.8%, acquiring an additional 27,500 shares in the first quarter, bringing their total to 130,000 shares valued at approximately $3.69 million.
• Institutional investors own 62.52% of Kinder Morgan's stock, with several firms, including CIBC Private Wealth Group and American Century Companies, increasing their stakes significantly in the fourth quarter.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, representing an annualized yield of 4.30%, with a high payout ratio of 95.90%.

Premier Fund Managers Ltd increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 26.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,000 shares of the pipeline company's stock after acquiring an additional 27,500 shares during the period. Premier Fund Managers Ltd's holdings in Kinder Morgan were worth $3,688,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bridgewealth Advisory Group LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $377,000. Unigestion Holding SA boosted its position in Kinder Morgan by 22.3% in the 4th quarter. Unigestion Holding SA now owns 93,364 shares of the pipeline company's stock valued at $2,558,000 after buying an additional 16,993 shares during the last quarter. Burney Co. boosted its position in Kinder Morgan by 133.5% in the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after buying an additional 252,736 shares during the last quarter. AdvisorNet Financial Inc boosted its position in Kinder Morgan by 402.5% in the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock valued at $1,124,000 after buying an additional 31,553 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Kinder Morgan by 3.8% in the 4th quarter. American Century Companies Inc. now owns 369,451 shares of the pipeline company's stock valued at $10,123,000 after buying an additional 13,367 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the acquisition, the director directly owned 34,764 shares of the company's stock, valued at $945,928.44. This trade represents a 8.62% increase in their position. The disclosure for this purchase can be found here. 12.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

KMI has been the topic of a number of recent research reports. Scotiabank increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Stifel Nicolaus increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research report on Monday, July 7th. Barclays reiterated an "overweight" rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $31.13.

Kinder Morgan Trading Up 0.1%

Kinder Morgan stock traded up $0.03 during mid-day trading on Friday, hitting $28.09. 11,502,853 shares of the company's stock were exchanged, compared to its average volume of 14,405,133. The firm has a market capitalization of $62.42 billion, a P/E ratio of 23.08, a PEG ratio of 3.53 and a beta of 0.75. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The company's 50 day simple moving average is $27.95 and its 200-day simple moving average is $27.56.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a $0.2925 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

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.