Gries Financial LLC Purchases New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Gries Financial LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 10,650 shares of the pipeline company's stock, valued at approximately $304,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridgewealth Advisory Group LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $377,000. Unigestion Holding SA grew its holdings in shares of Kinder Morgan by 22.3% in the 4th quarter. Unigestion Holding SA now owns 93,364 shares of the pipeline company's stock worth $2,558,000 after acquiring an additional 16,993 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of Kinder Morgan by 402.5% in the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock worth $1,124,000 after acquiring an additional 31,553 shares during the period. American Century Companies Inc. grew its holdings in shares of Kinder Morgan by 3.8% in the 4th quarter. American Century Companies Inc. now owns 369,451 shares of the pipeline company's stock worth $10,123,000 after acquiring an additional 13,367 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of Kinder Morgan by 16.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 389,588 shares of the pipeline company's stock worth $10,675,000 after acquiring an additional 56,147 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction 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 transaction, the president directly owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KMI shares. Barclays restated an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Scotiabank upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Wells Fargo & Company upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, TD Cowen began coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $31.00.

Kinder Morgan Trading Down 2.7%

Shares of Kinder Morgan stock opened at $27.12 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48. The firm has a market cap of $60.25 billion, a PE ratio of 22.23, a P/E/G ratio of 3.54 and a beta of 0.75. The business's fifty day moving average is $28.00 and its two-hundred day moving average is $27.60. The company has a quick ratio of 0.35, a current ratio of 0.68 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the company posted $0.26 EPS. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

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.

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