Kinder Morgan, Inc. (NYSE:KMI) Stock Position Increased by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,786,581 shares of the pipeline company's stock after buying an additional 553,395 shares during the period. Kinder Morgan comprises about 6.8% of Kayne Anderson Capital Advisors LP's holdings, making the stock its 6th biggest position. Kayne Anderson Capital Advisors LP owned about 0.49% of Kinder Morgan worth $307,741,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealth Alliance LLC boosted its position in Kinder Morgan by 4.0% during the first quarter. Wealth Alliance LLC now owns 11,092 shares of the pipeline company's stock worth $316,000 after purchasing an additional 423 shares during the period. Sargent Investment Group LLC boosted its position in shares of Kinder Morgan by 5.7% in the first quarter. Sargent Investment Group LLC now owns 95,138 shares of the pipeline company's stock valued at $2,714,000 after acquiring an additional 5,148 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of Kinder Morgan by 4.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 149,090 shares of the pipeline company's stock valued at $4,253,000 after acquiring an additional 6,110 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Kinder Morgan by 198.0% in the first quarter. J.W. Cole Advisors Inc. now owns 97,134 shares of the pipeline company's stock valued at $2,771,000 after acquiring an additional 64,541 shares during the period. Finally, Montag A & Associates Inc. boosted its position in shares of Kinder Morgan by 230.0% in the first quarter. Montag A & Associates Inc. now owns 2,660 shares of the pipeline company's stock valued at $76,000 after acquiring an additional 1,854 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated 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 transaction, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays restated an "overweight" rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. Finally, TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and a consensus target price of $31.00.

Kinder Morgan Trading Up 1.3%

Shares of NYSE KMI traded up $0.34 during mid-day trading on Thursday, hitting $27.15. The stock had a trading volume of 7,133,811 shares, compared to its average volume of 14,306,042. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.35 and a current ratio of 0.68. Kinder Morgan, Inc. has a 1 year low of $19.68 and a 1 year high of $31.48. The business has a 50 day moving average price of $27.97 and a two-hundred day moving average price of $27.58. The firm has a market cap of $60.34 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 3.42 and a beta of 0.75.

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, meeting analysts' consensus estimates of $0.28. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's payout ratio 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.