Kinder Morgan, Inc. (NYSE:KMI) Position Lifted by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.4% during the first quarter, HoldingsChannel reports. The fund owned 43,117 shares of the pipeline company’s stock after acquiring an additional 1,000 shares during the quarter. Kinder Morgan comprises approximately 1.1% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 25th largest position. Silverberg Bernstein Capital Management LLC’s holdings in Kinder Morgan were worth $1,230,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $308,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $29,000. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Kinder Morgan by 3.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 91,110 shares of the pipeline company’s stock worth $2,496,000 after acquiring an additional 3,374 shares during the period. Golden State Equity Partners increased its holdings in shares of Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after acquiring an additional 15,800 shares during the period. Finally, Greenleaf Trust increased its stake in Kinder Morgan by 1.6% during the 4th quarter. Greenleaf Trust now owns 60,655 shares of the pipeline company’s stock valued at $1,662,000 after buying an additional 944 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KMI shares. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Scotiabank lifted their price objective on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, April 21st. Finally, Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.79.

Kinder Morgan Trading Up 2.1%

NYSE:KMI opened at $28.63 on Tuesday. Kinder Morgan, Inc. has a 12 month low of $19.29 and a 12 month high of $31.48. The firm has a market cap of $63.61 billion, a price-to-earnings ratio of 24.47, 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. The company’s 50 day moving average is $27.19 and its 200-day moving average is $27.45.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Equities 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. Investors of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.09%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is 100.86%.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the sale, the president now owns 825,652 shares of the company’s stock, valued at $21,970,599.72. The trade was a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 54,000 shares of company stock valued at $1,492,740. 12.73% of the stock is owned by company 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.