Mirabella Financial Services LLP Purchases 66,403 Shares of Kinder Morgan, Inc. $KMI

Mirabella Financial Services LLP grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 144.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 112,282 shares of the pipeline company’s stock after acquiring 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.

A number of other large investors also recently modified their holdings of the company. CoreFirst Bank & Trust purchased a new stake in Kinder Morgan in the second quarter worth approximately $35,000. Private Wealth Management Group LLC lifted its holdings in shares of Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after acquiring an additional 595 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Kinder Morgan by 314.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 1,032 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the 2nd quarter valued at $40,000. Finally, JPL Wealth Management LLC bought a new position in shares of Kinder Morgan during the 3rd quarter valued at $40,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 0.2%

NYSE KMI opened at $33.33 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The stock has a market capitalization of $74.14 billion, a PE ratio of 24.32, a PEG ratio of 3.08 and a beta of 0.68. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $34.24. The business’s 50-day moving average is $30.84 and its 200 day moving average is $28.43.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the company posted $0.30 EPS. Kinder Morgan’s quarterly revenue was up 13.1% compared to the same quarter last year. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Morgan Stanley raised their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada boosted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Finally, Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.38.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the transaction, the vice president directly owned 188,872 shares in the company, valued at $6,359,320.24. The trade was a 3.16% 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 William A. Smith purchased 3,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the acquisition, the director 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. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 46,498 shares of company stock worth $1,418,248. Insiders own 12.73% of the company’s stock.

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.