Burney Co. Has $12.61 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Burney Co. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 133.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 442,044 shares of the pipeline company's stock after purchasing an additional 252,736 shares during the quarter. Burney Co.'s holdings in Kinder Morgan were worth $12,612,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Morton Capital Management LLC CA lifted its stake in Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after acquiring an additional 377 shares in the last quarter. Diligent Investors LLC lifted its stake in Kinder Morgan by 1.5% in the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after acquiring an additional 381 shares in the last quarter. Signaturefd LLC lifted its stake in Kinder Morgan by 1.8% in the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after acquiring an additional 381 shares in the last quarter. Aspiriant LLC lifted its stake in Kinder Morgan by 1.7% in the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock worth $677,000 after acquiring an additional 396 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its stake in Kinder Morgan by 0.5% in the 1st quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock worth $2,277,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Down 0.1%

Shares of Kinder Morgan stock traded down $0.02 during trading on Friday, reaching $27.40. The stock had a trading volume of 15,215,811 shares, compared to its average volume of 14,770,045. The company has a market capitalization of $60.89 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 3.48 and a beta of 0.75. The stock has a fifty day moving average price of $27.95 and a two-hundred day moving average price of $27.58. Kinder Morgan, Inc. has a 52 week low of $19.68 and a 52 week high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.35 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. Kinder Morgan's revenue was up 13.2% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a $0.2925 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.27%. Kinder Morgan's dividend payout ratio is 95.90%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KMI shares. Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Scotiabank raised their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Finally, TD Cowen began coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and a consensus target price of $31.00.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company'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 value of $508,680.00. Following the sale, the president owned 771,652 shares in the company, valued at $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.73% of the stock is owned by corporate insiders.

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.