Hoxton Planning & Management LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Hoxton Planning & Management LLC acquired 16,476 shares of Kinder Morgan, Inc. valued at approximately $470,000 in the first quarter, as revealed in their 13F filing.
• Kinder Morgan reported a 13.2% year-over-year revenue increase of $4.04 billion and earnings per share of $0.28 for the last quarter, matching analysts' estimates.
• The company announced a quarterly dividend of $0.2925 per share, resulting in an annualized yield of 4.17%, with a payout ratio of 95.90%.

Hoxton Planning & Management LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,476 shares of the pipeline company's stock, valued at approximately $470,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hurley Capital LLC bought a new position in Kinder Morgan in the 4th quarter valued at $25,000. Sierra Ocean LLC boosted its position in 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 buying an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan in the 4th quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded up $0.03 during trading on Friday, reaching $28.09. 16,323,561 shares of the stock were exchanged, compared to its average volume of 15,092,606. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48. The firm has a market cap of $62.42 billion, a PE ratio of 23.02, a PEG ratio of 3.53 and a beta of 0.78. The stock has a 50-day moving average price of $27.96 and a 200-day moving average price of $27.56. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's payout ratio is currently 95.90%.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares in the company, valued at approximately $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis purchased 2,759 shares of the company's stock in a transaction dated Monday, July 28th. The stock was acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares of the company's stock, valued at $945,928.44. This represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stifel Nicolaus raised their price target on 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 objective on Kinder Morgan in a research note on Monday, July 7th. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday. Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. Finally, Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.13.

Kinder Morgan 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.