49 Wealth Management LLC Purchases New Stake in Kinder Morgan, Inc. (NYSE:KMI)

49 Wealth Management LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,447 shares of the pipeline company's stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Alpha Cubed Investments LLC increased its position in Kinder Morgan by 55.9% during the 1st quarter. Alpha Cubed Investments LLC now owns 15,030 shares of the pipeline company's stock worth $429,000 after purchasing an additional 5,387 shares in the last quarter. Beverly Hills Private Wealth LLC increased its position in Kinder Morgan by 13.2% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 10,153 shares of the pipeline company's stock worth $290,000 after purchasing an additional 1,187 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Kinder Morgan by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 111,731 shares of the pipeline company's stock worth $3,188,000 after purchasing an additional 927 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in Kinder Morgan by 127.2% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 901,204 shares of the pipeline company's stock worth $25,711,000 after purchasing an additional 504,528 shares in the last quarter. Finally, Financial Counselors Inc. grew its holdings in Kinder Morgan by 14.3% in the 1st quarter. Financial Counselors Inc. now owns 12,473 shares of the pipeline company's stock valued at $356,000 after buying an additional 1,558 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Down 1.3%

Shares of KMI traded down $0.36 during trading on Wednesday, reaching $27.77. The company's stock had a trading volume of 13,024,332 shares, compared to its average volume of 13,970,553. The company has a fifty day moving average of $27.85 and a two-hundred day moving average of $27.57. Kinder Morgan, Inc. has a twelve month low of $19.68 and a twelve month high of $31.48. The company has a market cap of $61.71 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 3.11 and a beta of 0.75. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.21%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's dividend payout ratio is presently 100.86%.

Analysts Set New Price Targets

Several analysts have commented on KMI shares. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Barclays restated an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Stifel Nicolaus lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $30.40.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred 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 transaction, the president directly owned 771,652 shares of the company's stock, valued at $21,806,885.52. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 12.73% of the stock is currently 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.