Alteri Wealth LLC Invests $595,000 in Kinder Morgan, Inc. (NYSE:KMI)

Alteri Wealth LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,716 shares of the pipeline company's stock, valued at approximately $595,000.

Several other large investors have also recently added to or reduced their stakes in the business. CX Institutional boosted its stake in Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock worth $429,000 after buying an additional 354 shares during the period. Sunflower Bank N.A. lifted its holdings in shares of Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock worth $288,000 after acquiring an additional 367 shares during the last quarter. Ignite Planners LLC boosted its stake in shares of Kinder Morgan by 3.9% during the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after purchasing an additional 372 shares during the period. Eagle Bay Advisors LLC grew its holdings in Kinder Morgan by 8.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock valued at $142,000 after purchasing an additional 385 shares during the last quarter. Finally, Bristlecone Advisors LLC raised its position in Kinder Morgan by 2.6% in the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock worth $433,000 after purchasing an additional 400 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares of the company's stock, valued at $21,970,599.72. This represents a 2.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,506,116 over the last 90 days. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 1.4 %

Shares of NYSE KMI traded up $0.38 during trading hours on Tuesday, hitting $27.25. 19,003,525 shares of the stock were exchanged, compared to its average volume of 13,953,000. The firm has a fifty day moving average price of $26.98 and a 200-day moving average price of $27.14. Kinder Morgan, Inc. has a 12 month low of $18.65 and a 12 month high of $31.48. The company has a market cap of $60.54 billion, a PE ratio of 23.29, a PEG ratio of 3.08 and a beta of 0.74. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $4.24 billion during 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%. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.29%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan's payout ratio is presently 100.86%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KMI shares. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday. Scotiabank upped their price target on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday, April 21st. Royal Bank of Canada boosted 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 report on Tuesday, April 29th. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $29.79.

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.