Envestnet Asset Management Inc. Has $131.86 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Envestnet Asset Management Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,621,872 shares of the pipeline company's stock after acquiring an additional 111,026 shares during the period. Envestnet Asset Management Inc. owned 0.21% of Kinder Morgan worth $131,862,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KMI. Brighton Jones LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $308,000. Assetmark Inc. raised its position in shares of Kinder Morgan by 70.4% in the fourth quarter. Assetmark Inc. now owns 7,351 shares of the pipeline company's stock valued at $201,000 after buying an additional 3,038 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Kinder Morgan in the fourth quarter valued at approximately $4,176,000. PNC Financial Services Group Inc. increased its stake in Kinder Morgan by 2.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 419,050 shares of the pipeline company's stock valued at $11,482,000 after acquiring an additional 10,295 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Kinder Morgan by 7.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 289,877 shares of the pipeline company's stock valued at $7,942,000 after acquiring an additional 18,997 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating on the stock. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. 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 research note on Tuesday, May 6th. Finally, Scotiabank boosted 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. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.40.

Kinder Morgan Trading Up 0.2%

KMI stock traded up $0.06 during midday trading on Friday, hitting $27.85. The stock had a trading volume of 11,279,457 shares, compared to its average volume of 13,942,786. The firm has a market cap of $61.88 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 3.00 and a beta of 0.75. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1-year low of $19.68 and a 1-year high of $31.48. The business has a fifty day moving average price of $27.93 and a two-hundred day moving average price of $27.58.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data 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 net margin of 16.67% and a return on equity of 8.11%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.20%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is currently 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.