Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Eagle Global Advisors LLC

Eagle Global Advisors LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 15.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,016,490 shares of the pipeline company’s stock after purchasing an additional 137,030 shares during the period. Kinder Morgan accounts for about 1.2% of Eagle Global Advisors LLC’s portfolio, making the stock its 19th largest position. Eagle Global Advisors LLC’s holdings in Kinder Morgan were worth $29,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Westwood Holdings Group Inc. boosted its stake in Kinder Morgan by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock worth $183,793,000 after purchasing an additional 794,388 shares in the last quarter. Bridgewealth Advisory Group LLC acquired a new stake in Kinder Morgan in the 4th quarter worth approximately $377,000. Burney Co. boosted its stake in Kinder Morgan by 133.5% in the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock worth $12,612,000 after purchasing an additional 252,736 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in Kinder Morgan by 402.5% in the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company’s stock worth $1,124,000 after purchasing an additional 31,553 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in Kinder Morgan by 16.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 389,588 shares of the pipeline company’s stock worth $10,675,000 after purchasing an additional 56,147 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Sital K. Mody sold 45,549 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,715 shares of company stock worth $3,081,245 in the last 90 days. 12.73% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on KMI shares. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. TD Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price objective for the company. Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating for the company. Barclays restated an “overweight” rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada lifted their price objective 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. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.13.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.89 on Monday. The firm has a market cap of $59.75 billion, a PE ratio of 22.04, a PEG ratio of 3.39 and a beta of 0.78. The firm has a fifty day moving average of $27.89 and a 200 day moving average of $27.41. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan’s payout ratio is presently 95.90%.

Kinder Morgan Profile

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.