Catalyst Capital Advisors LLC Purchases 30,128 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Catalyst Capital Advisors LLC raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 779,263 shares of the pipeline company's stock after acquiring an additional 30,128 shares during the period. Catalyst Capital Advisors LLC's holdings in Kinder Morgan were worth $22,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KMI. Morton Capital Management LLC CA lifted its stake 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 worth $1,084,000 after purchasing an additional 377 shares during the period. Diligent Investors LLC lifted its stake in shares of Kinder Morgan by 1.5% in the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after purchasing an additional 381 shares during the period. Aspiriant LLC lifted its stake in shares of Kinder Morgan by 1.7% in the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock worth $677,000 after purchasing an additional 396 shares during the period. Sowell Financial Services LLC lifted its stake in shares of Kinder Morgan by 0.5% in the 1st quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock worth $2,277,000 after purchasing an additional 400 shares during the period. Finally, LRI Investments LLC lifted its stake in shares of Kinder Morgan by 9.6% in the 4th quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock worth $136,000 after purchasing an additional 435 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KMI shares. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. 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. Royal Bank Of Canada raised their target price 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. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Finally, Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $30.29.

Kinder Morgan Price Performance

Shares of KMI stock traded down $0.14 on Friday, reaching $28.37. The company's stock had a trading volume of 5,100,555 shares, compared to its average volume of 13,966,297. The stock's fifty day simple moving average is $27.80 and its 200-day simple moving average is $27.54. Kinder Morgan, Inc. has a 1 year low of $19.68 and a 1 year high of $31.48. 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 company has a market capitalization of $63.03 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.12%. This is an increase 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 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.