Brookwood Investment Group LLC Takes $364,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Brookwood Investment Group LLC has invested approximately $364,000 in Kinder Morgan, acquiring 12,769 shares of the company in the 1st quarter.
• Kinder Morgan has reported a 13.2% increase in revenue year-over-year, with earnings per share hitting the consensus estimate of $0.28 for the last quarter.
• The company announced a quarterly dividend of $0.2925 per share, with a yield of 4.27% and a high payout ratio of 95.90%.

Brookwood Investment Group LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 12,769 shares of the pipeline company's stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also made changes to their positions in KMI. Morton Capital Management LLC CA lifted its holdings in shares of Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after purchasing an additional 377 shares during the last quarter. Diligent Investors LLC raised its stake in Kinder Morgan by 1.5% during the 4th 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 last quarter. Signaturefd LLC raised its stake in Kinder Morgan by 1.8% during the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after acquiring an additional 381 shares during the last quarter. Aspiriant LLC raised its stake in Kinder Morgan by 1.7% during the 1st 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 last quarter. Finally, Sowell Financial Services LLC raised its stake in shares of Kinder Morgan by 0.5% during the 1st quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock worth $2,277,000 after buying an additional 400 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated 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 owned 771,652 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. Company insiders own 12.73% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMI. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Friday. Wells Fargo & Company increased their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday. Royal Bank Of Canada boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Finally, Stifel Nicolaus raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $31.13.

Kinder Morgan Trading Up 2.1%

Shares of KMI stock traded up $0.59 during mid-day trading on Tuesday, hitting $27.80. 4,478,285 shares of the company's stock were exchanged, compared to its average volume of 14,320,099. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48. The stock has a 50-day simple moving average of $27.93 and a two-hundred day simple moving average of $27.56. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market cap of $61.76 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 3.48 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The firm had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the firm earned $0.26 earnings per share. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio is presently 95.90%.

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.