Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Argentarii LLC

Argentarii LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 32.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,253 shares of the pipeline company's stock after buying an additional 20,365 shares during the quarter. Kinder Morgan accounts for 1.2% of Argentarii LLC's investment portfolio, making the stock its 23rd largest position. Argentarii LLC's holdings in Kinder Morgan were worth $2,375,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KMI. McGlone Suttner Wealth Management Inc. boosted its holdings in Kinder Morgan by 5.2% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 20,956 shares of the pipeline company's stock worth $598,000 after buying an additional 1,027 shares during the last quarter. Sierra Ocean LLC increased 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 worth $25,000 after purchasing an additional 788 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in Kinder Morgan by 9.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 125,327 shares of the pipeline company's stock valued at $3,576,000 after purchasing an additional 11,046 shares during the last quarter. Elite Financial Inc. purchased a new position in Kinder Morgan in the 1st quarter valued at $116,000. Finally, Capital Investment Advisory Services LLC boosted its stake in Kinder Morgan by 7.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 47,484 shares of the pipeline company's stock worth $1,355,000 after purchasing an additional 3,094 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, the president owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMI. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. Scotiabank raised their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Stifel Nicolaus upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Barclays reaffirmed 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. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and an average target price of $30.29.

Kinder Morgan Trading Down 0.5%

Shares of NYSE:KMI traded down $0.14 during midday trading on Friday, reaching $28.37. 5,100,555 shares of the company's stock were exchanged, compared to its average volume of 13,974,529. The firm's 50 day simple moving average is $27.80 and its two-hundred day simple moving average is $27.55. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The stock has a market cap of $63.03 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 3.12 and a beta of 0.75.

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

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. 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. This represents a $1.17 annualized dividend and a yield of 4.12%. Kinder Morgan's dividend payout ratio is presently 100.86%.

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.