Cambridge Investment Research Advisors Inc. Grows Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Cambridge Investment Research Advisors Inc. lifted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 16.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 582,712 shares of the pipeline company's stock after buying an additional 80,224 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Kinder Morgan were worth $16,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KMI. Hurley Capital LLC acquired a new position in Kinder Morgan during the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $26,000. Morse Asset Management Inc acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $29,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock valued at $30,000 after buying an additional 703 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the sale, the president now owns 789,652 shares of the company's stock, valued at approximately $21,770,705.64. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 54,000 shares of company stock valued at $1,522,440. Insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI stock traded down $0.19 during trading on Wednesday, hitting $28.35. The company had a trading volume of 13,099,687 shares, compared to its average volume of 14,037,404. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94. The stock's 50-day moving average is $27.52 and its two-hundred day moving average is $27.45. The stock has a market capitalization of $63.00 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 3.13 and a beta of 0.74. Kinder Morgan, Inc. has a 52 week low of $19.47 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results 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 during 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%. As a group, analysts predict 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. Shareholders of record on Wednesday, April 30th were given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.13%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMI. Barclays increased their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Scotiabank upped their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Finally, Stifel Nicolaus upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average target price of $30.29.

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.