Cohen Investment Advisors LLC Buys 351,407 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Cohen Investment Advisors LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 249.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 492,374 shares of the pipeline company's stock after purchasing an additional 351,407 shares during the period. Cohen Investment Advisors LLC's holdings in Kinder Morgan were worth $14,047,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Kinder Morgan by 0.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,618,088 shares of the pipeline company's stock valued at $131,754,000 after buying an additional 34,416 shares during the last quarter. Jeppson Wealth Management LLC lifted its holdings in Kinder Morgan by 2.2% during the first quarter. Jeppson Wealth Management LLC now owns 96,941 shares of the pipeline company's stock valued at $2,766,000 after purchasing an additional 2,089 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Kinder Morgan by 31.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 383,236 shares of the pipeline company's stock valued at $10,972,000 after purchasing an additional 90,943 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in shares of Kinder Morgan by 6.8% in the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 2,869,128 shares of the pipeline company's stock worth $81,856,000 after purchasing an additional 182,444 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Kinder Morgan by 47.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 243,283 shares of the pipeline company's stock worth $6,902,000 after purchasing an additional 78,551 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on KMI. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Royal Bank Of Canada lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Stifel Nicolaus increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Scotiabank raised their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Finally, Barclays reaffirmed an "overweight" rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average price target of $30.29.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $1.06 during mid-day trading on Tuesday, reaching $28.34. 18,913,631 shares of the company were exchanged, compared to its average volume of 13,978,831. The stock has a market capitalization of $62.97 billion, a PE ratio of 24.43, a PEG ratio of 3.23 and a beta of 0.75. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 52 week low of $19.47 and a 52 week high of $31.48. The company's 50 day moving average price is $27.71 and its 200 day moving average price is $27.50.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. Sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.13%. 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. Kinder Morgan's payout ratio is presently 100.86%.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, 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 document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 54,000 shares of company stock valued at $1,522,440. 12.73% of the stock is currently owned by corporate insiders.

About Kinder Morgan

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.