Rhumbline Advisers Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Rhumbline Advisers boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,914,207 shares of the pipeline company's stock after acquiring an additional 92,532 shares during the period. Rhumbline Advisers owned 0.18% of Kinder Morgan worth $111,672,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of KMI. Centricity Wealth Management LLC bought a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Hurley Capital LLC acquired a new position in Kinder Morgan during the fourth quarter worth $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at $26,000. Morse Asset Management Inc bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Finally, Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $29,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.18 during midday trading on Thursday, reaching $28.21. The stock had a trading volume of 10,588,941 shares, compared to its average volume of 13,973,778. Kinder Morgan, Inc. has a 12 month low of $19.47 and a 12 month high of $31.48. The firm's 50-day moving average price is $27.18 and its 200 day moving average price is $27.46. The firm has a market capitalization of $62.67 billion, a PE ratio of 24.11, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its 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. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is 100.86%.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president now owns 771,652 shares of the company's stock, valued at $21,806,885.52. The trade was a 2.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 54,000 shares of company stock valued at $1,522,440. Company insiders own 12.73% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Royal Bank of Canada upped their price objective 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. Finally, Stifel Nicolaus increased their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.