Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,869,128 shares of the pipeline company's stock after acquiring an additional 182,444 shares during the period. Kinder Morgan makes up 5.0% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's portfolio, making the stock its 7th largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.13% of Kinder Morgan worth $81,856,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hurley Capital LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $26,000. Morse Asset Management Inc bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $29,000. Finally, SRS Capital Advisors Inc. grew its holdings in Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 703 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Scotiabank upped their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Royal Bank Of Canada upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Finally, Barclays reiterated an "overweight" rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.29.

Insider Transactions at Kinder Morgan

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, May 7th. The shares were sold at an average price of $27.57, for a total value of $496,260.00. Following the completion of the sale, the president now directly owns 789,652 shares in the company, valued at $21,770,705.64. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 54,000 shares of company stock valued at $1,522,440. Company insiders own 12.73% of the company's stock.

Kinder Morgan Stock Up 0.3%

Shares of KMI traded up $0.09 during mid-day trading on Friday, hitting $28.98. The company's stock had a trading volume of 17,105,604 shares, compared to its average volume of 13,945,152. The company's 50-day moving average is $27.60 and its 200-day moving average is $27.48. Kinder Morgan, Inc. has a 52-week low of $19.47 and a 52-week high of $31.48. The firm has a market capitalization of $64.38 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 3.18 and a beta of 0.74. 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 (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. On average, 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is presently 100.86%.

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.