Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 9.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 528,487 shares of the pipeline company’s stock after acquiring an additional 44,574 shares during the period. Capital Investment Advisors LLC’s holdings in Kinder Morgan were worth $15,078,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $29,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $28.15 on Friday. Kinder Morgan, Inc. has a 12-month low of $19.47 and a 12-month high of $31.48. 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 has a market cap of $62.55 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company’s fifty day moving average is $27.17 and its two-hundred day moving average is $27.46.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.16%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is 100.86%.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the sale, the president now directly owns 789,652 shares of the company’s stock, valued at $21,770,705.64. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 54,000 shares of company stock worth $1,522,440. Company insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Stifel Nicolaus increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, June 3rd. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, Scotiabank boosted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.21.

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.