Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Northstar Advisory Group LLC

Northstar Advisory Group LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 103.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,817 shares of the pipeline company's stock after acquiring an additional 32,458 shares during the quarter. Northstar Advisory Group LLC's holdings in Kinder Morgan were worth $1,821,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock valued at $5,557,983,000 after purchasing an additional 1,469,759 shares during the period. Geode Capital Management LLC boosted its position in Kinder Morgan by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after buying an additional 1,252,609 shares during the period. Norges Bank acquired a new position in shares of Kinder Morgan in the fourth quarter worth $917,523,000. Northern Trust Corp grew its stake in shares of Kinder Morgan by 8.3% in the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after acquiring an additional 1,608,499 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Kinder Morgan by 16.8% in the fourth quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after acquiring an additional 2,116,576 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on KMI. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Scotiabank upped their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a research report on Monday, March 3rd. Finally, Stifel Nicolaus lifted their price objective 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. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.21.

Kinder Morgan Trading Up 0.4%

Shares of NYSE KMI traded up $0.11 during midday trading on Thursday, reaching $27.63. 9,232,036 shares of the stock were exchanged, compared to its average volume of 13,997,656. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $61.40 billion, a P/E ratio of 23.62, a P/E/G ratio of 3.08 and a beta of 0.74. The stock has a 50 day moving average price of $27.18 and a 200-day moving average price of $27.45. Kinder Morgan, Inc. has a 52-week low of $19.47 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released 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. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.23%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 completion of the transaction, the president now owns 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 54,000 shares of company stock worth $1,522,440. 12.73% of the stock is currently owned by corporate insiders.

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.