Praxis Investment Management Inc. Grows Stake in Kinder Morgan, Inc. (NYSE:KMI)

Praxis Investment Management Inc. raised its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 46.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,480 shares of the pipeline company's stock after acquiring an additional 65,580 shares during the period. Praxis Investment Management Inc.'s holdings in Kinder Morgan were worth $5,919,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $25,000. Hurley Capital LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $26,000. Morse Asset Management Inc purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $29,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 1.6%

KMI stock opened at $28.01 on Friday. The business's 50-day moving average is $27.44 and its two-hundred day moving average is $27.43. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. Kinder Morgan, Inc. has a fifty-two week low of $19.47 and a fifty-two week high of $31.48. The company has a market cap of $62.23 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 3.03 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.18%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total value of $496,260.00. Following the transaction, the president now owns 789,652 shares of the company's stock, valued at $21,770,705.64. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 54,000 shares of company stock valued at $1,522,440 over the last quarter. 12.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Scotiabank increased their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Barclays raised 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, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.21.

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.

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