Applied Capital LLC FL Purchases Shares of 12,761 Kinder Morgan, Inc. (NYSE:KMI)

Applied Capital LLC FL purchased a new stake 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 SEC. The firm purchased 12,761 shares of the pipeline company's stock, valued at approximately $364,000.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $917,523,000. Assenagon Asset Management S.A. lifted its holdings in shares of Kinder Morgan by 212.5% during the first quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after buying an additional 3,718,521 shares in the last quarter. Blackstone Inc. lifted its holdings in shares of Kinder Morgan by 435.0% during the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after buying an additional 3,543,670 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $87,729,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Kinder Morgan by 223.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company's stock worth $94,968,000 after buying an additional 2,395,930 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.85 on Friday. The stock's 50-day moving average is $27.93 and its 200-day moving average is $27.58. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The stock has a market cap of $61.88 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 2.99 and a beta of 0.75. Kinder Morgan, Inc. has a 1-year low of $19.68 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The company 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%. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business 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. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's payout ratio is currently 100.86%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KMI. Stifel Nicolaus lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. TD Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 target price for the company. Cowen initiated coverage on Kinder Morgan in a research report on Monday. They issued a "buy" rating on the stock. Finally, Morgan Stanley set a $34.00 price target on Kinder Morgan in a research report on Monday. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and a consensus price target of $30.40.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.73% of the stock is currently owned by corporate 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.

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