Private Wealth Group LLC Makes New $285,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Private Wealth Group LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the pipeline company's stock, valued at approximately $285,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Kinder Morgan by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after buying an additional 1,469,759 shares during the period. Geode Capital Management LLC increased its position in Kinder Morgan by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock worth $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 during the fourth quarter valued at $917,523,000. Northern Trust Corp increased its holdings in shares of Kinder Morgan by 8.3% during the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after purchasing an additional 1,608,499 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Kinder Morgan by 16.8% during the fourth quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after purchasing an additional 2,116,576 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president now directly 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 SEC, which is available through this hyperlink. Insiders sold 54,000 shares of company stock worth $1,522,440 in the last quarter. 12.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Kinder Morgan Trading Down 0.2%

Shares of NYSE:KMI traded down $0.05 during midday trading on Friday, reaching $27.61. The company had a trading volume of 13,024,872 shares, compared to its average volume of 14,033,364. 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 1-year low of $19.47 and a 1-year high of $31.48. The firm has a market cap of $61.34 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company has a fifty day simple moving average of $27.23 and a two-hundred day simple moving average of $27.44.

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 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. Research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.2925 dividend. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.24%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

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.