Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its holdings in Kinder Morgan, Inc. by 31.2%, owning a total of 91,888 shares valued at approximately $2.62 million.
• For the last quarter, Kinder Morgan reported earnings of $0.28 EPS and revenue of $4.04 billion, exceeding analyst estimates.
• The company declared a $0.2925 quarterly dividend, representing a yield of 4.27%, with a dividend payout ratio of 95.90%.

HB Wealth Management LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 31.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,888 shares of the pipeline company's stock after acquiring an additional 21,862 shares during the period. HB Wealth Management LLC's holdings in Kinder Morgan were worth $2,622,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KMI. Hurley Capital LLC bought a new position in Kinder Morgan in the 4th quarter worth about $25,000. Sierra Ocean LLC grew its stake in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after acquiring an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in Kinder Morgan in the 4th quarter worth about $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan in the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC bought a new position in Kinder Morgan in the 4th quarter worth about $29,000. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Amy W. Chronis bought 2,759 shares of the company's stock in a transaction dated Monday, July 28th. The shares were acquired at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director directly owned 34,764 shares in the company, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 completion of the sale, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. 12.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research report on Monday, July 7th. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday. Barclays reaffirmed an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Friday, July 25th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

Kinder Morgan Stock Performance

KMI traded up $0.25 on Thursday, reaching $27.97. The stock had a trading volume of 5,184,404 shares, compared to its average volume of 14,362,522. Kinder Morgan, Inc. has a 12-month low of $19.68 and a 12-month high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The business's 50-day moving average price is $27.94 and its two-hundred day moving average price is $27.57. The company has a market cap of $62.14 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 3.53 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the company earned $0.26 earnings per share. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a $0.2925 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.18%. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

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.