Novem Group Buys New Stake in Kinder Morgan, Inc. (NYSE:KMI)

Novem Group bought a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,992 shares of the pipeline company's stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at $25,000. Morse Asset Management Inc bought a new position in Kinder Morgan during the fourth quarter valued at $27,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth $29,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after buying an additional 703 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $27.47 on Thursday. The firm's 50 day simple moving average is $27.22 and its 200-day simple moving average is $27.35. 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 one year low of $18.83 and a one year high of $31.48. The firm has a market cap of $61.05 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting 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 analyst estimates of $4.02 billion. As a group, equities analysts predict 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 dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.26%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of analyst reports. Mizuho increased their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. UBS Group boosted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Scotiabank increased their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.79.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the transaction, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 54,000 shares of company stock worth $1,492,740. Corporate insiders own 12.73% of the company's stock.

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.

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