Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,621,872 shares of the pipeline company's stock after purchasing an additional 111,026 shares during the quarter. Envestnet Asset Management Inc. owned 0.21% of Kinder Morgan worth $131,862,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hurley Capital LLC acquired a new position in Kinder Morgan in the fourth quarter valued at $25,000. Sierra Ocean LLC grew its position in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 788 shares during the period. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan during the fourth quarter valued at about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.06 during trading hours on Friday, reaching $27.85. 11,279,457 shares of the stock were exchanged, compared to its average volume of 13,960,972. 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 firm has a 50 day simple moving average of $27.93 and a 200-day simple moving average of $27.58. Kinder Morgan, Inc. has a 52 week low of $19.68 and a 52 week high of $31.48. The stock has a market capitalization of $61.88 billion, a P/E ratio of 24.01, a P/E/G ratio of 2.99 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.02 billion. As a group, 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.2925 dividend. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.20%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KMI. Stifel Nicolaus upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Royal Bank Of Canada upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Barclays reaffirmed an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. TD Cowen began coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.40.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the sale, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.73% of the stock is currently owned by corporate insiders.

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.