Ausbil Investment Management Ltd Has $5.04 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Ausbil Investment Management Ltd grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 8.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 273,937 shares of the pipeline company’s stock after purchasing an additional 22,112 shares during the quarter. Kinder Morgan comprises 2.5% of Ausbil Investment Management Ltd’s portfolio, making the stock its 11th biggest holding. Ausbil Investment Management Ltd’s holdings in Kinder Morgan were worth $5,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealthcare Advisory Partners LLC grew its position in Kinder Morgan by 17.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 43,710 shares of the pipeline company’s stock worth $802,000 after buying an additional 6,354 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. grew its position in Kinder Morgan by 21.7% during the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 210,711 shares of the pipeline company’s stock worth $3,850,000 after buying an additional 37,559 shares in the last quarter. Hoxton Planning & Management LLC grew its position in Kinder Morgan by 17.7% during the first quarter. Hoxton Planning & Management LLC now owns 14,629 shares of the pipeline company’s stock worth $268,000 after buying an additional 2,197 shares in the last quarter. Gilman Hill Asset Management LLC grew its position in Kinder Morgan by 0.5% during the first quarter. Gilman Hill Asset Management LLC now owns 296,958 shares of the pipeline company’s stock worth $5,446,000 after buying an additional 1,465 shares in the last quarter. Finally, Riverview Trust Co acquired a new stake in Kinder Morgan during the first quarter worth about $59,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent research reports. Truist Financial reissued a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. UBS Group raised their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded up $0.06 during trading on Friday, reaching $19.82. The stock had a trading volume of 438,454 shares, compared to its average volume of 13,411,563. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $20.19. The business’s 50-day moving average price is $19.27 and its 200 day moving average price is $18.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. The stock has a market capitalization of $43.99 billion, a PE ratio of 17.96, a P/E/G ratio of 3.12 and a beta of 0.92.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the company posted $0.30 EPS. Kinder Morgan’s revenue was down 1.2% on a year-over-year basis. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend was Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 104.55%.

Insiders Place Their Bets

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