Phoenix Financial Ltd. Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Phoenix Financial Ltd. bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,401 shares of the pipeline company’s stock, valued at approximately $477,000.

Several other large investors have also made changes to their positions in KMI. Hurley Capital LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $25,000. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $27,000. Finally, Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter worth $29,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 2.5 %

NYSE:KMI opened at $26.43 on Friday. The stock’s fifty day simple moving average is $26.95 and its 200-day simple moving average is $26.77. The firm has a market capitalization of $58.73 billion, a P/E ratio of 22.59, a P/E/G ratio of 3.08 and a beta of 0.72. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48.

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

Kinder Morgan Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 4.35%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is presently 98.29%.

Analyst Ratings Changes

KMI has been the subject of a number of research reports. Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial boosted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. UBS Group boosted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada increased their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the 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 sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the transaction, the president now owns 807,652 shares in the company, valued at $23,219,995. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock worth $3,506,116. Company insiders own 12.64% of the company’s stock.

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.