Concurrent Investment Advisors LLC Buys 11,046 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Concurrent Investment Advisors LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,327 shares of the pipeline company's stock after purchasing an additional 11,046 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Kinder Morgan were worth $3,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KMI. Elite Financial Inc. purchased a new stake in shares of Kinder Morgan in the 1st quarter worth approximately $116,000. Capital Investment Advisory Services LLC grew its stake in shares of Kinder Morgan by 7.0% in the first quarter. Capital Investment Advisory Services LLC now owns 47,484 shares of the pipeline company's stock worth $1,355,000 after acquiring an additional 3,094 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Kinder Morgan by 4.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 779,263 shares of the pipeline company's stock worth $22,232,000 after purchasing an additional 30,128 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Kinder Morgan by 6.1% in the 1st quarter. IFM Investors Pty Ltd now owns 616,682 shares of the pipeline company's stock worth $17,594,000 after purchasing an additional 35,293 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in Kinder Morgan during the 1st quarter valued at about $717,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.36 during trading on Wednesday, hitting $27.78. The company had a trading volume of 3,631,659 shares, compared to its average volume of 13,934,086. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. The firm has a market capitalization of $61.72 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The stock has a 50 day simple moving average of $27.85 and a 200 day simple moving average of $27.57.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is presently 100.86%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president owned 771,652 shares of the company's stock, valued at $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KMI. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Cowen initiated coverage on Kinder Morgan in a report on Monday. They set a "buy" rating on the stock. Barclays reiterated an "overweight" rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.40.

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.