55,444 Shares in Kinder Morgan, Inc. (NYSE:KMI) Purchased by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 1st quarter, Holdings Channel reports. The fund purchased 55,444 shares of the pipeline company’s stock, valued at approximately $1,582,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. boosted its position in Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock worth $8,303,000 after buying an additional 15,114 shares during the period. Royal London Asset Management Ltd. boosted its position in Kinder Morgan by 2.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock worth $62,062,000 after buying an additional 44,474 shares during the period. Chung Wu Investment Group LLC acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $385,000. KLP Kapitalforvaltning AS acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $21,774,000. Finally, Bridgewealth Advisory Group LLC acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $377,000. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were 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 represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 54,000 shares of company stock valued at $1,522,440 over the last three months. 12.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 5th. Barclays upgraded 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 research report on Monday, March 3rd. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.21.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.63 on Friday. Kinder Morgan, Inc. has a 1 year low of $19.47 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The firm has a market cap of $61.40 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 3.08 and a beta of 0.74. The company has a fifty day moving average price of $27.23 and a 200-day moving average price of $27.44.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed 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. The ex-dividend date was Wednesday, April 30th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.23%. Kinder Morgan’s dividend payout ratio is 100.86%.

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.