Good Steward Wealth Advisors LLC Takes $478,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Good Steward Wealth Advisors LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,754 shares of the pipeline company's stock, valued at approximately $478,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $25,000. Hurley Capital LLC purchased a new position in Kinder Morgan during the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $26,000. Morse Asset Management Inc purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Up 0.3%

Shares of NYSE:KMI opened at $27.57 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $19.47 and a fifty-two week high of $31.48. The firm's 50 day moving average price is $27.41 and its 200 day moving average price is $27.43. 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 stock has a market cap of $61.25 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 3.03 and a beta of 0.74.

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 analysts' consensus estimates of $0.34. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed 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 4.24%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is presently 100.86%.

Analyst Ratings Changes

A number of brokerages have issued reports on KMI. Stifel Nicolaus boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company 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. Scotiabank lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Finally, 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. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $30.21.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the transaction, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 54,000 shares of company stock valued at $1,522,440. Corporate insiders own 12.73% of the company's stock.

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.

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