Kestra Private Wealth Services LLC Grows Stake in Kinder Morgan, Inc. (NYSE:KMI)

Kestra Private Wealth Services LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 26.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 209,109 shares of the pipeline company's stock after acquiring an additional 43,516 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Kinder Morgan were worth $5,966,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KMI. Sierra Ocean LLC increased its position in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares in the last quarter. Hurley Capital LLC purchased a new stake in Kinder Morgan in the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan in the fourth quarter worth about $26,000. Morse Asset Management Inc purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $27,000. Finally, JNBA Financial Advisors grew its position in shares of Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after purchasing an additional 870 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank Of Canada increased their target price 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. TD Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 target price for the company. Scotiabank increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Barclays restated an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Trading Up 1.2%

Shares of NYSE:KMI traded up $0.33 during trading on Thursday, hitting $27.14. The company had a trading volume of 5,895,931 shares, compared to its average volume of 14,294,784. The stock has a market cap of $60.30 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 3.42 and a beta of 0.75. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48. The company has a fifty day simple moving average of $27.97 and a two-hundred day simple moving average of $27.58. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.35.

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 (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 firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the company earned $0.26 EPS. Kinder Morgan's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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