Stephens Inc. AR Buys 40,944 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Stephens Inc. AR raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 22.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,907 shares of the pipeline company's stock after acquiring an additional 40,944 shares during the period. Stephens Inc. AR's holdings in Kinder Morgan were worth $6,417,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KMI. Morton Capital Management LLC CA increased its position in shares of Kinder Morgan by 1.0% during the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after purchasing an additional 377 shares during the period. Diligent Investors LLC grew its holdings in shares of Kinder Morgan by 1.5% in the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after acquiring an additional 381 shares during the last quarter. Aspiriant LLC grew its holdings in shares of Kinder Morgan by 1.7% in the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock worth $677,000 after acquiring an additional 396 shares during the last quarter. Sowell Financial Services LLC grew its holdings in shares of Kinder Morgan by 0.5% in the 1st quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock worth $2,277,000 after acquiring an additional 400 shares during the last quarter. Finally, LRI Investments LLC grew its holdings in shares of Kinder Morgan by 9.6% in the 4th quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock worth $136,000 after acquiring an additional 435 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business'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 transaction, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMI. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Royal Bank Of Canada lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Barclays reaffirmed an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Finally, Scotiabank raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.53.

Kinder Morgan Stock Up 1.4%

Shares of NYSE:KMI traded up $0.40 on Friday, reaching $27.89. The company had a trading volume of 10,100,116 shares, compared to its average volume of 13,954,334. Kinder Morgan, Inc. has a twelve month low of $19.68 and a twelve month high of $31.48. The stock has a 50-day moving average price of $27.99 and a 200 day moving average price of $27.60. The stock has a market capitalization of $61.96 billion, a P/E ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 0.75. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.32% and a net margin of 17.06%. The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business's quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a dividend of $0.2925 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.20%. Kinder Morgan's dividend payout ratio is 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.