NBC Securities Inc. Acquires 23,020 Shares of Kinder Morgan, Inc. (NYSE:KMI)

NBC Securities Inc. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 104,636.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,042 shares of the pipeline company's stock after buying an additional 23,020 shares during the quarter. NBC Securities Inc.'s holdings in Kinder Morgan were worth $657,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KMI. Hurley Capital LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $25,000. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan during the 4th quarter worth $27,000. Finally, Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the 4th quarter worth $29,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity 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 transaction of $508,680.00. Following the completion of the sale, the president now owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have 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 Performance

Shares of NYSE:KMI traded down $0.09 during trading hours on Friday, hitting $28.15. The stock had a trading volume of 11,891,717 shares, compared to its average volume of 13,965,478. The stock's fifty day simple moving average is $27.18 and its 200 day simple moving average is $27.46. The firm has a market capitalization of $62.55 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a 1-year low of $19.47 and a 1-year high of $31.48.

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, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share 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 issued a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.16%. Kinder Morgan's payout ratio is currently 100.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a report on Monday, March 3rd. Scotiabank raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Thursday. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their price objective 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. Finally, Royal Bank of Canada upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.21.

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.