Mirabella Financial Services LLP Has $3.17 Million Holdings in Kinder Morgan, Inc. $KMI

Mirabella Financial Services LLP increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 144.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,282 shares of the pipeline company’s stock after buying an additional 66,403 shares during the period. Mirabella Financial Services LLP’s holdings in Kinder Morgan were worth $3,172,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan in the 2nd quarter worth about $35,000. Private Wealth Management Group LLC raised its holdings in shares of Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 595 shares during the last quarter. Westside Investment Management Inc. lifted its position in shares of Kinder Morgan by 314.6% during the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,032 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Kinder Morgan during the second quarter worth about $40,000. Finally, Capital A Wealth Management LLC bought a new stake in Kinder Morgan in the 2nd quarter worth about $41,000. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Scotiabank lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, January 23rd. TD Cowen boosted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group upped their price objective on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.38.

Kinder Morgan Stock Down 0.2%

Kinder Morgan stock opened at $33.33 on Tuesday. The firm has a 50 day moving average price of $30.84 and a 200-day moving average price of $28.43. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $34.24. The company has a market capitalization of $74.14 billion, a P/E ratio of 24.32, a P/E/G ratio of 3.08 and a beta of 0.68.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. Kinder Morgan’s revenue was up 13.1% on a year-over-year basis. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a $0.2925 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 3.5%. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $33.67, for a total value of $207,609.22. Following the sale, the vice president directly owned 188,872 shares in the company, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William A. Smith bought 3,000 shares of Kinder Morgan stock in a transaction dated Monday, February 2nd. The stock was acquired at an average price of $29.75 per share, with a total value of $89,250.00. Following the purchase, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 46,498 shares of company stock valued at $1,418,248. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.