10,447 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by 49 Wealth Management LLC

49 Wealth Management LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,447 shares of the pipeline company's stock, valued at approximately $298,000.

Other large investors also recently made changes to their positions in the company. Alpha Cubed Investments LLC raised its stake in Kinder Morgan by 55.9% in the 1st quarter. Alpha Cubed Investments LLC now owns 15,030 shares of the pipeline company's stock valued at $429,000 after acquiring an additional 5,387 shares during the period. Beverly Hills Private Wealth LLC raised its stake in Kinder Morgan by 13.2% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 10,153 shares of the pipeline company's stock valued at $290,000 after acquiring an additional 1,187 shares during the period. Crossmark Global Holdings Inc. raised its stake in Kinder Morgan by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 111,731 shares of the pipeline company's stock valued at $3,188,000 after acquiring an additional 927 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in Kinder Morgan by 127.2% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 901,204 shares of the pipeline company's stock valued at $25,711,000 after acquiring an additional 504,528 shares during the period. Finally, Financial Counselors Inc. raised its stake 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 acquiring an additional 1,558 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent research reports. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday. They set a "buy" rating and a $34.00 price objective on the stock. Royal Bank Of Canada increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research report on Monday. Cowen initiated coverage on Kinder Morgan in a research report on Monday. They set a "buy" rating on the stock. Finally, Scotiabank increased their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average target price of $30.40.

Kinder Morgan Price Performance

NYSE:KMI traded up $0.06 during trading hours on Friday, hitting $27.85. The company's stock had a trading volume of 11,279,457 shares, compared to its average volume of 13,967,593. The stock has a fifty day simple moving average of $27.91 and a 200-day simple moving average of $27.58. The company has a market capitalization of $61.88 billion, a P/E ratio of 24.01, a PEG ratio of 2.99 and a beta of 0.75. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. Kinder Morgan, Inc. has a twelve month low of $19.68 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business 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 8.11% and a net margin of 16.67%. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.2925 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.20%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Kinder Morgan 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.