Linden Thomas Advisory Services LLC Boosts Position in Kinder Morgan, Inc. (NYSE:KMI)

Linden Thomas Advisory Services LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,395 shares of the pipeline company’s stock after purchasing an additional 781 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Kinder Morgan were worth $2,722,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KMI. Hurley Capital LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $25,000. Sierra Ocean LLC lifted its position in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after buying an additional 788 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $26,000. Morse Asset Management Inc purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

KMI has been the subject of a number of recent research reports. Scotiabank boosted their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, June 5th. Barclays restated an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 29th. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research report on Monday. Finally, Cowen began coverage on Kinder Morgan in a research report on Monday. They set a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.40.

Kinder Morgan Stock Down 0.6%

Shares of KMI opened at $28.15 on Wednesday. The stock has a market capitalization of $62.55 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The business’s 50 day simple moving average is $27.85 and its 200-day simple moving average is $27.57. Kinder Morgan, Inc. has a 1 year low of $19.68 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly 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. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend 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 (DPR) is presently 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.