Strategic Wealth Partners Ltd. Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Strategic Wealth Partners Ltd. boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 29.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 344,359 shares of the pipeline company's stock after buying an additional 77,396 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Kinder Morgan were worth $9,146,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Xponance Inc. grew its stake in Kinder Morgan by 5.2% in the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock valued at $8,303,000 after acquiring an additional 15,114 shares during the period. Golden State Equity Partners grew its stake in Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after acquiring an additional 15,800 shares during the period. Royal London Asset Management Ltd. grew its stake in Kinder Morgan by 2.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock valued at $62,062,000 after acquiring an additional 44,474 shares during the period. UMB Bank n.a. grew its stake in Kinder Morgan by 116.1% in the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company's stock valued at $5,772,000 after acquiring an additional 113,173 shares during the period. Finally, Clear Creek Financial Management LLC boosted its stake in Kinder Morgan by 86.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 23,716 shares of the pipeline company's stock worth $650,000 after purchasing an additional 10,987 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 1.8%

NYSE:KMI traded down $0.51 on Wednesday, reaching $27.47. 11,806,722 shares of the company's stock were exchanged, compared to its average volume of 13,961,743. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $61.05 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The business has a fifty day moving average of $27.21 and a 200-day moving average of $27.35. Kinder Morgan, Inc. has a 52-week low of $18.83 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting 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 the consensus estimate of $4.02 billion. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.26%. Kinder Morgan's payout ratio is currently 100.86%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 54,000 shares of company stock worth $1,492,740 over the last three months. Insiders own 12.73% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on KMI shares. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Finally, UBS Group boosted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.79.

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.