Milford Funds Ltd. Invests $1.44 Million in Kinder Morgan, Inc. $KMI

Milford Funds Ltd. acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 52,327 shares of the pipeline company’s stock, valued at approximately $1,438,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new stake in Kinder Morgan during the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC acquired a new stake in Kinder Morgan during the fourth quarter worth $27,000. Dorato Capital Management acquired a new stake in Kinder Morgan during the fourth quarter worth $30,000. Basepoint Wealth LLC acquired a new stake in Kinder Morgan during the fourth quarter worth $30,000. Finally, Strategic Advocates LLC acquired a new stake in Kinder Morgan during the third quarter worth $32,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.6%

Shares of NYSE KMI opened at $31.87 on Friday. The stock has a market cap of $70.91 billion, a PE ratio of 21.39, a PEG ratio of 2.61 and a beta of 0.54. The business has a fifty day moving average of $32.28 and a two-hundred day moving average of $30.75. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. The company had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, May 4th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is 79.87%.

Insider Transactions at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the transaction, the vice president directly owned 43,293 shares of the company’s stock, valued at $1,456,809.45. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $32.93, for a total value of $203,046.38. Following the completion of the transaction, the vice president directly owned 182,706 shares of the company’s stock, valued at $6,016,508.58. This represents a 3.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,148 shares of company stock valued at $752,089 over the last ninety days. 12.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KMI. Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group decreased their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.20.

About Kinder Morgan

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.