Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% in the first quarter, Holdings Channel reports. The fund owned 156,813 shares of the pipeline company’s stock after buying an additional 5,698 shares during the period. Moran Wealth Management LLC’s holdings in Kinder Morgan were worth $4,474,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hurley Capital LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan during the 4th quarter worth about $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Kinder Morgan by 178.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 0.7%

Shares of Kinder Morgan stock opened at $28.35 on Thursday. The firm has a market cap of $63.00 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 3.13 and a beta of 0.74. Kinder Morgan, Inc. has a 52-week low of $19.47 and a 52-week high of $31.48. The company’s 50-day simple moving average is $27.52 and its 200-day simple moving average is $27.45. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate 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 net margin of 16.67% and a return on equity of 8.11%. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a $0.2925 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is currently 100.86%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on 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 owns 789,652 shares in the company, valued at approximately $21,770,705.64. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 54,000 shares of company stock valued at $1,522,440 over the last quarter. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMI. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. Barclays lifted their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday. Stifel Nicolaus upped 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. Scotiabank lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 5th. Finally, JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $30.29.

Kinder Morgan Company 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.