49 Wealth Management LLC Invests $298,000 in Kinder Morgan, Inc. (NYSE:KMI)

49 Wealth Management LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,447 shares of the pipeline company's stock, valued at approximately $298,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Morton Capital Management LLC CA raised its holdings in shares of Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after acquiring an additional 377 shares during the period. Diligent Investors LLC raised its holdings in shares of Kinder Morgan by 1.5% during the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock valued at $715,000 after acquiring an additional 381 shares during the period. Aspiriant LLC raised its holdings in shares of Kinder Morgan by 1.7% during the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after acquiring an additional 396 shares during the period. Sowell Financial Services LLC raised its holdings in shares of Kinder Morgan by 0.5% during the first quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock valued at $2,277,000 after acquiring an additional 400 shares during the period. Finally, LRI Investments LLC raised its holdings in shares of Kinder Morgan by 9.6% during the fourth quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock valued at $136,000 after acquiring an additional 435 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.01 during trading on Thursday, hitting $27.81. The company had a trading volume of 11,760,202 shares, compared to its average volume of 13,978,342. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. The firm has a market capitalization of $61.80 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 2.99 and a beta of 0.75. The stock's 50-day moving average price is $27.88 and its 200 day moving average price is $27.57. 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, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. 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 4.21%. Kinder Morgan's dividend payout ratio is 100.86%.

Analysts Set New Price Targets

A number of brokerages recently commented on KMI. Cowen began coverage on shares of Kinder Morgan in a research report on Monday. They set a "buy" rating on the stock. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Barclays reissued an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. TD Cowen began coverage on shares of Kinder Morgan in a research report on Monday. They issued a "buy" rating and a $34.00 target price for the company. Finally, Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.40.

Insiders Place Their Bets

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

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.