Douglas Lane & Associates LLC Buys Shares of 12,789 Kinder Morgan, Inc. (NYSE:KMI)

Douglas Lane & Associates LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,789 shares of the pipeline company's stock, valued at approximately $365,000.

Other large investors have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $29,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KMI has been the subject of a number of recent research reports. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective 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. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, Scotiabank upped their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, April 21st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average target price of $30.14.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the transaction, the president now directly owns 825,652 shares of the company's stock, valued at approximately $21,970,599.72. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 54,000 shares of company stock valued at $1,492,740 over the last quarter. Company insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.07 on Tuesday, hitting $28.58. The company had a trading volume of 11,723,487 shares, compared to its average volume of 14,000,060. Kinder Morgan, Inc. has a 52 week low of $19.29 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a market cap of $63.51 billion, a PE ratio of 24.43, a PEG ratio of 3.08 and a beta of 0.74. The business has a 50-day simple moving average of $27.19 and a 200-day simple moving average of $27.45.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS 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 issued a $0.2925 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.09%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is presently 100.86%.

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.