Oakwell Private Wealth Management LLC Acquires New Shares in Kinder Morgan, Inc. (NYSE:KMI)

Oakwell Private Wealth Management LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,342 shares of the pipeline company's stock, valued at approximately $381,000.

Other large investors also recently made changes to their positions in the company. Sierra Ocean LLC lifted its position in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 788 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan during the fourth quarter worth about $27,000. Finally, JNBA Financial Advisors increased its holdings in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after buying an additional 870 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president directly owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KMI. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Barclays restated an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Finally, Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research note on Monday, July 7th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $31.00.

Kinder Morgan Stock Up 2.2%

Kinder Morgan stock traded up $0.59 during mid-day trading on Thursday, reaching $27.40. The stock had a trading volume of 11,423,833 shares, compared to its average volume of 14,331,982. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.35. The company has a market capitalization of $60.88 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 3.42 and a beta of 0.75. The company has a 50-day moving average price of $27.97 and a two-hundred day moving average price of $27.58. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (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 quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

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.