Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,611 shares of the pipeline company's stock after purchasing an additional 10,799 shares during the quarter. Precedent Wealth Partners LLC's holdings in Kinder Morgan were worth $1,986,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Sowell Financial Services LLC lifted its position in Kinder Morgan by 0.5% in the first quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock worth $2,277,000 after buying an additional 400 shares during the last quarter. Mission Wealth Management LP bought a new stake in shares of Kinder Morgan in the 1st quarter worth about $239,000. Columbus Macro LLC boosted its stake in shares of Kinder Morgan by 7.4% during the 1st quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company's stock worth $9,799,000 after purchasing an additional 23,520 shares during the period. Brown Miller Wealth Management LLC grew its holdings in Kinder Morgan by 140.2% during the 1st quarter. Brown Miller Wealth Management LLC now owns 27,244 shares of the pipeline company's stock valued at $777,000 after purchasing an additional 15,900 shares during the last quarter. Finally, Morton Capital Management LLC CA raised its position in Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock worth $1,084,000 after purchasing an additional 377 shares during the period. Institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent analyst reports. Scotiabank increased their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus raised 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. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $30.21.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the sale, the president now owns 789,652 shares of the company's stock, valued at approximately $21,770,705.64. The trade was a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 54,000 shares of company stock worth $1,522,440. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Up 0.1%

Shares of KMI stock traded up $0.02 during mid-day trading on Monday, hitting $27.66. 11,840,106 shares of the stock traded hands, compared to its average volume of 14,046,965. Kinder Morgan, Inc. has a 52-week low of $19.47 and a 52-week high of $31.48. The stock has a market cap of $61.47 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The stock's fifty day moving average is $27.28 and its two-hundred day moving average is $27.43.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.23%. 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. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

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.