Parallel Advisors LLC Grows Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Parallel Advisors LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,028 shares of the pipeline company’s stock after purchasing an additional 2,029 shares during the period. Parallel Advisors LLC’s holdings in Kinder Morgan were worth $771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in Kinder Morgan by 3,019.2% in the first quarter. GAMMA Investing LLC now owns 1,003,857 shares of the pipeline company’s stock valued at $28,640,000 after purchasing an additional 971,674 shares during the period. AdvisorNet Financial Inc lifted its holdings in Kinder Morgan by 402.5% during the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company’s stock worth $1,124,000 after buying an additional 31,553 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in Kinder Morgan by 10.0% during the 1st quarter. Moody National Bank Trust Division now owns 15,885 shares of the pipeline company’s stock worth $453,000 after buying an additional 1,449 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Kinder Morgan by 36.1% during the 1st quarter. Versant Capital Management Inc now owns 8,863 shares of the pipeline company’s stock worth $253,000 after buying an additional 2,352 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Kinder Morgan by 10.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 8,381 shares of the pipeline company’s stock worth $239,000 after buying an additional 816 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 0.4%

KMI opened at $28.03 on Monday. The business has a 50 day moving average price of $27.19 and a two-hundred day moving average price of $27.44. Kinder Morgan, Inc. has a 52 week low of $19.29 and a 52 week high of $31.48. The company has a market cap of $62.28 billion, a PE ratio of 23.96, a P/E/G ratio of 3.08 and a beta of 0.74. 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 (NYSE:KMI) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio (DPR) is 100.86%.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent analyst reports. Scotiabank lifted their price target on Kinder Morgan from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, April 21st. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Monday, March 3rd. Royal Bank of Canada lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.79.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. This trade represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 54,000 shares of company stock worth $1,492,740. 12.73% of the stock is currently owned by insiders.

About Kinder Morgan

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.