Graybill Wealth Management LTD. Purchases New Position in Kinder Morgan, Inc. (NYSE:KMI)

Graybill Wealth Management LTD. bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,871 shares of the pipeline company's stock, valued at approximately $396,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Sierra Ocean LLC increased its holdings in shares of Kinder Morgan by 927.1% in the 1st 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. Hurley Capital LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at $26,000. Morse Asset Management Inc purchased a new position in shares of Kinder Morgan in the 4th quarter valued at $27,000. Finally, JNBA Financial Advisors increased its holdings in shares of Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 870 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.50 during trading on Tuesday, reaching $27.83. 5,493,142 shares of the company traded hands, compared to its average volume of 13,913,103. The stock has a market cap of $61.83 billion, a P/E ratio of 23.98, a PEG ratio of 3.00 and a beta of 0.75. The firm's fifty day simple moving average is $27.96 and its 200 day simple moving average is $27.59. 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 12-month low of $19.68 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. As a group, research analysts anticipate 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 $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is 100.86%.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KMI. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Barclays reissued an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research report on Monday, July 7th. Cowen began coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating for the company. Finally, Royal Bank Of Canada raised their price objective 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. Seven investment 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, Kinder Morgan currently has an average rating of "Moderate Buy" and an average target price of $30.40.

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.