Kinder Morgan, Inc. $KMI Shares Bought by Oak Grove Capital LLC

Key Points

• Oak Grove Capital LLC has increased its stake in Kinder Morgan, Inc. by 38.0% by acquiring 17,500 shares, bringing its total holdings to 63,600 shares valued at $1,815,000.
• Several analysts have recently raised their target prices for Kinder Morgan, with TD Cowen setting a target price of $34.00 and JPMorgan raising it to $32.00, solidifying a consensus of a "Moderate Buy" rating.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, translating to an annualized yield of 4.4%, with a payout ratio of 95.90% based on the latest financial results.

Oak Grove Capital LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 38.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 63,600 shares of the pipeline company's stock after acquiring an additional 17,500 shares during the quarter. Oak Grove Capital LLC's holdings in Kinder Morgan were worth $1,815,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Westwood Holdings Group Inc. boosted its position in shares of Kinder Morgan by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock valued at $183,793,000 after acquiring an additional 794,388 shares during the last quarter. Bridgewealth Advisory Group LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $377,000. Burney Co. increased its stake in shares of Kinder Morgan by 133.5% during the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after buying an additional 252,736 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Kinder Morgan by 402.5% during the first quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock valued at $1,124,000 after buying an additional 31,553 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of Kinder Morgan by 16.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 389,588 shares of the pipeline company's stock valued at $10,675,000 after buying an additional 56,147 shares during the period. Institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KMI shares. Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Royal Bank Of Canada upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Stifel Nicolaus upped their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Barclays reaffirmed an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $31.20.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares of the company's stock, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total value of $171,414.80. Following the transaction, the vice president owned 232,034 shares of the company's stock, valued at $6,450,545.20. The trade was a 2.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,842 shares of company stock worth $3,896,180. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Down 0.6%

Shares of NYSE:KMI traded down $0.16 during trading on Friday, hitting $26.69. The company had a trading volume of 13,657,267 shares, compared to its average volume of 17,228,220. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The company has a fifty day simple moving average of $27.74 and a two-hundred day simple moving average of $27.37. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48. The stock has a market cap of $59.31 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 3.36 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the business posted $0.26 EPS. Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

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.