Bridgewealth Advisory Group LLC Purchases New Stake in Kinder Morgan, Inc. (NYSE:KMI)

Bridgewealth Advisory Group LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,182 shares of the pipeline company's stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. PDT Partners LLC boosted its position in shares of Kinder Morgan by 39.2% during the 4th quarter. PDT Partners LLC now owns 180,300 shares of the pipeline company's stock valued at $4,940,000 after acquiring an additional 50,800 shares in the last quarter. Ion Asset Management Ltd. boosted its holdings in Kinder Morgan by 21.7% during the fourth quarter. Ion Asset Management Ltd. now owns 19,600 shares of the pipeline company's stock valued at $537,000 after purchasing an additional 3,500 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Kinder Morgan by 93.5% in the 4th quarter. AQR Capital Management LLC now owns 1,475,577 shares of the pipeline company's stock valued at $40,431,000 after purchasing an additional 713,001 shares during the period. Northern Trust Corp raised its holdings in shares of Kinder Morgan by 8.3% in the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after buying an additional 1,608,499 shares in the last quarter. Finally, Beacon Pointe Advisors LLC lifted its position in shares of Kinder Morgan by 2.0% during the 4th quarter. Beacon Pointe Advisors LLC now owns 435,324 shares of the pipeline company's stock worth $11,928,000 after buying an additional 8,626 shares during the period. 62.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Insiders sold 129,461 shares of company stock worth $3,506,116 over the last ninety days. 12.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on KMI. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. Scotiabank increased their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, April 21st. Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Citigroup lifted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Seven investment 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.71.

Kinder Morgan Trading Up 2.0 %

Shares of KMI traded up $0.52 during trading hours on Friday, hitting $26.82. 10,495,678 shares of the stock traded hands, compared to its average volume of 13,903,577. The firm has a market capitalization of $59.60 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a 1-year low of $18.38 and a 1-year high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average of $26.97 and a 200-day moving average of $27.10.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. The company 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 8.09% and a net margin of 17.31%. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.36%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is currently 100.86%.

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.