Kiley Juergens Wealth Management LLC Invests $302,000 in Kinder Morgan, Inc. (NYSE:KMI)

Kiley Juergens Wealth Management LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,577 shares of the pipeline company's stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hurley Capital LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan during the fourth quarter valued at $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at $29,000. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KMI shares. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Stifel Nicolaus increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Scotiabank increased their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Finally, Royal Bank Of Canada increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and a consensus target price of $30.21.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.46 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $19.47 and a 12-month high of $31.48. The stock has a 50-day moving average price of $27.35 and a 200 day moving average price of $27.43. The stock has a market capitalization of $61.02 billion, a P/E ratio of 23.68, a P/E/G ratio of 3.04 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.26%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Insider Buying and Selling

In other Kinder Morgan 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 transaction, the president now owns 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 54,000 shares of company stock worth $1,522,440. 12.73% of the stock is owned by corporate insiders.

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.

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