Brasada Capital Management LP Buys 12,500 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Brasada Capital Management LP grew its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 62.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,500 shares of the pipeline company's stock after purchasing an additional 12,500 shares during the quarter. Brasada Capital Management LP's holdings in Kinder Morgan were worth $890,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MGO One Seven LLC lifted its stake in Kinder Morgan by 277.5% during the fourth quarter. MGO One Seven LLC now owns 74,151 shares of the pipeline company's stock worth $2,032,000 after purchasing an additional 54,506 shares during the period. Quantessence Capital LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $1,976,000. Uniplan Investment Counsel Inc. raised its position in Kinder Morgan by 0.9% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 322,854 shares of the pipeline company's stock valued at $8,846,000 after purchasing an additional 2,825 shares during the last quarter. Fayez Sarofim & Co boosted its stake in Kinder Morgan by 0.5% in the fourth quarter. Fayez Sarofim & Co now owns 2,482,012 shares of the pipeline company's stock worth $68,007,000 after purchasing an additional 12,025 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Kinder Morgan by 8.5% in the fourth quarter. OneDigital Investment Advisors LLC now owns 48,414 shares of the pipeline company's stock valued at $1,327,000 after buying an additional 3,805 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMI. UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Morgan Stanley raised their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Royal Bank of Canada raised their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. Finally, Citigroup raised their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.64.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company's stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,461 shares of company stock valued at $3,506,116. 12.73% of the stock is owned by insiders.

Kinder Morgan Trading Down 0.1 %

KMI traded down $0.02 during midday trading on Friday, reaching $26.85. 9,264,214 shares of the company were exchanged, compared to its average volume of 13,947,768. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a one year low of $18.13 and a one year high of $31.48. The stock has a market capitalization of $59.66 billion, a P/E ratio of 22.95, a PEG ratio of 3.08 and a beta of 0.72. The stock's 50-day simple moving average is $26.94 and its 200 day simple moving average is $27.06.

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

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is currently 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.