NorthCrest Asset Manangement LLC Has $6.96 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

NorthCrest Asset Manangement LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,039 shares of the pipeline company's stock after acquiring an additional 9,190 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Kinder Morgan were worth $6,962,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Diligent Investors LLC lifted its position 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 buying an additional 381 shares in the last quarter. LRI Investments LLC increased its stake in shares of Kinder Morgan by 9.6% in the fourth quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock worth $136,000 after acquiring an additional 435 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Kinder Morgan by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 165,727 shares of the pipeline company's stock worth $4,541,000 after acquiring an additional 440 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Kinder Morgan by 2.3% in the fourth quarter. TD Private Client Wealth LLC now owns 20,814 shares of the pipeline company's stock valued at $570,000 after purchasing an additional 464 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in Kinder Morgan by 2.8% in the 1st quarter. 180 Wealth Advisors LLC now owns 17,479 shares of the pipeline company's stock worth $499,000 after purchasing an additional 471 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

NYSE:KMI traded down $0.20 during trading hours on Tuesday, hitting $27.46. 12,720,375 shares of the company traded hands, compared to its average volume of 14,050,978. 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 twelve month low of $19.47 and a twelve month high of $31.48. The firm has a 50-day moving average of $27.35 and a 200 day moving average of $27.43. The stock has a market capitalization of $61.02 billion, a price-to-earnings 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 announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This is a boost 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 4.26%. Kinder Morgan's dividend payout ratio is currently 100.86%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total value of $496,260.00. Following the completion of the transaction, the president now directly owns 789,652 shares of the company's stock, valued at approximately $21,770,705.64. This represents a 2.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 54,000 shares of company stock valued at $1,522,440. Company insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KMI shares. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Scotiabank raised 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. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a report on Monday, March 3rd. Finally, Royal Bank Of Canada upped 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 Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.