Mirador Capital Partners LP Purchases 20,804 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Mirador Capital Partners LP raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 283,656 shares of the pipeline company’s stock after purchasing an additional 20,804 shares during the period. Kinder Morgan accounts for approximately 1.0% of Mirador Capital Partners LP’s investment portfolio, making the stock its 24th biggest position. Mirador Capital Partners LP’s holdings in Kinder Morgan were worth $5,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares 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 acquiring an additional 7,912 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $2,101,000. Rheos Capital Works Inc. raised its stake in 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. grew its stake in Kinder Morgan by 9.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,032,483 shares of the pipeline company’s stock valued at $18,265,000 after acquiring an additional 89,312 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth approximately $860,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares in the company, 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.

Analyst Upgrades and Downgrades

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

Kinder Morgan Trading Up 0.7 %

Shares of KMI traded up $0.13 during mid-day trading on Monday, reaching $20.00. The company’s stock had a trading volume of 328,766 shares, compared to its average volume of 13,642,682. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $20.19. The stock has a market cap of $44.39 billion, a PE ratio of 18.18, a P/E/G ratio of 3.14 and a beta of 0.93. The company’s fifty day moving average price is $19.32 and its two-hundred day moving average price is $18.23. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95.

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, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 5.75%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s dividend payout ratio is 104.55%.

About Kinder Morgan

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.