Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Fiduciary Alliance LLC

Fiduciary Alliance LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 312,385 shares of the pipeline company's stock after buying an additional 14,630 shares during the quarter. Kinder Morgan makes up about 0.9% of Fiduciary Alliance LLC's portfolio, making the stock its 27th biggest position. Fiduciary Alliance LLC's holdings in Kinder Morgan were worth $8,912,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Diligent Investors LLC raised its stake in Kinder Morgan by 1.5% in the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after buying an additional 381 shares in the last quarter. Bristlecone Advisors LLC lifted its position in Kinder Morgan by 2.6% during the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock valued at $433,000 after purchasing an additional 400 shares during the period. LRI Investments LLC lifted its holdings in Kinder Morgan by 9.6% in the fourth quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock valued at $136,000 after acquiring an additional 435 shares during the period. Apollon Wealth Management LLC boosted its holdings in Kinder Morgan by 0.5% during the fourth quarter. Apollon Wealth Management LLC now owns 86,430 shares of the pipeline company's stock worth $2,368,000 after buying an additional 438 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Kinder Morgan by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 165,727 shares of the pipeline company's stock valued at $4,541,000 after acquiring an additional 440 shares during the period. Institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on KMI. Royal Bank of Canada boosted their target price 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. Stifel Nicolaus lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Scotiabank boosted their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.14.

Kinder Morgan Trading Down 0.2%

Shares of NYSE:KMI traded down $0.07 during mid-day trading on Tuesday, reaching $28.58. 11,723,487 shares of the company were exchanged, compared to its average volume of 14,000,060. Kinder Morgan, Inc. has a 1 year low of $19.29 and a 1 year 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 firm's 50-day simple moving average is $27.19 and its 200 day simple moving average is $27.45. The firm has a market cap of $63.51 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The company had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 4.09%. This is a boost 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 (DPR) is 100.86%.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the sale, the president now directly owns 807,652 shares of the company's stock, valued at $23,219,995. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 54,000 shares of company stock valued at $1,492,740 in the last three months. 12.73% of the stock is 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.