Pursue Wealth Partners LLC Makes New $257,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Pursue Wealth Partners LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,012 shares of the pipeline company's stock, valued at approximately $257,000.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Kinder Morgan by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Kinder Morgan by 2.5% during 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 in the last quarter. Norges Bank purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $917,523,000. Northern Trust Corp raised its holdings in Kinder Morgan by 8.3% in the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after acquiring an additional 1,608,499 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Kinder Morgan by 16.8% in the fourth quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock worth $403,101,000 after acquiring an additional 2,116,576 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Up 1.6%

Shares of NYSE:KMI opened at $28.01 on Monday. Kinder Morgan, Inc. has a 1-year low of $19.47 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The stock has a market cap of $62.23 billion, a P/E ratio of 24.14, a P/E/G ratio of 3.08 and a beta of 0.74. The firm has a fifty day moving average price of $27.44 and a 200 day moving average price of $27.43.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting 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 analysts' expectations of $4.02 billion. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.18%. Kinder Morgan's payout ratio is presently 100.86%.

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 that occurred 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 sale, the president now owns 807,652 shares of the company's stock, valued at approximately $23,219,995. The trade was a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 54,000 shares of company stock worth $1,522,440 over the last ninety days. 12.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on KMI shares. Barclays raised shares of 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. 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 research note on Tuesday, May 6th. Royal Bank Of Canada lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a 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 report on Thursday, June 5th. Finally, Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.21.

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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