Comprehensive Money Management Services LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Comprehensive Money Management Services LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 67,868 shares of the pipeline company's stock, valued at approximately $1,860,000. Kinder Morgan makes up approximately 1.5% of Comprehensive Money Management Services LLC's holdings, making the stock its 10th biggest position.

A number of other large investors also recently modified their holdings of KMI. Norges Bank purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $917,523,000. Raymond James Financial Inc. purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $157,804,000. Blackstone Inc. lifted its stake in Kinder Morgan by 435.0% in the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after purchasing an additional 3,543,670 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Kinder Morgan in the 4th quarter worth $87,729,000. Finally, Amundi lifted its stake in Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after purchasing an additional 2,650,040 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Trading Up 0.4%

NYSE:KMI traded up $0.11 during mid-day trading on Friday, hitting $28.03. 15,718,257 shares of the stock traded hands, compared to its average volume of 14,021,311. The stock has a market capitalization of $62.28 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 52 week low of $18.99 and a 52 week high of $31.48. The firm's 50 day moving average is $27.19 and its two-hundred day moving average is $27.43. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.17%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's dividend payout ratio is presently 100.86%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KMI. Royal Bank of Canada boosted 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. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a report on Monday, March 3rd. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Scotiabank boosted their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. boosted 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. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $29.79.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have sold 54,000 shares of company stock worth $1,492,740. Insiders own 12.73% of the company's stock.

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.