SteelPeak Wealth LLC Has $10.27 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

SteelPeak Wealth LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 552.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 360,103 shares of the pipeline company's stock after acquiring an additional 304,878 shares during the quarter. SteelPeak Wealth LLC's holdings in Kinder Morgan were worth $10,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Brighton Jones LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $308,000. Assetmark Inc. boosted its holdings in Kinder Morgan by 70.4% in the fourth quarter. Assetmark Inc. now owns 7,351 shares of the pipeline company's stock valued at $201,000 after purchasing an additional 3,038 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $4,176,000. Johnson Investment Counsel Inc. boosted its holdings in Kinder Morgan by 11.1% in the fourth quarter. Johnson Investment Counsel Inc. now owns 14,591 shares of the pipeline company's stock valued at $400,000 after purchasing an additional 1,458 shares during the last quarter. Finally, Independent Advisor Alliance boosted its holdings in Kinder Morgan by 31.6% in the fourth quarter. Independent Advisor Alliance now owns 106,020 shares of the pipeline company's stock valued at $2,905,000 after purchasing an additional 25,440 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the transaction, the president directly owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.73% of the stock is owned by insiders.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.06 during trading hours on Friday, hitting $27.85. The company had a trading volume of 11,279,457 shares, compared to its average volume of 13,960,972. The firm has a market capitalization of $61.88 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 2.99 and a beta of 0.75. 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 12 month low of $19.68 and a 12 month high of $31.48. The firm's fifty day moving average is $27.91 and its 200 day moving average is $27.58.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm 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. This represents a $1.17 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's payout ratio is presently 100.86%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMI. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Scotiabank raised 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. Morgan Stanley set a $34.00 price target on Kinder Morgan in a report on Monday. Royal Bank Of Canada raised 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. Finally, Barclays reissued an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.40.

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.