Sweeney & Michel LLC Invests $2.74 Million in Kinder Morgan, Inc. (NYSE:KMI)

Sweeney & Michel LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 95,895 shares of the pipeline company's stock, valued at approximately $2,736,000. Kinder Morgan accounts for approximately 1.1% of Sweeney & Michel LLC's portfolio, making the stock its 20th biggest position.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth about $308,000. Perigon Wealth Management LLC boosted its position in Kinder Morgan by 18.2% during the fourth quarter. Perigon Wealth Management LLC now owns 14,170 shares of the pipeline company's stock worth $426,000 after purchasing an additional 2,183 shares in the last quarter. Mediolanum International Funds Ltd grew its holdings in Kinder Morgan by 103.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 102,993 shares of the pipeline company's stock valued at $2,811,000 after purchasing an additional 52,399 shares during the period. Caprock Group LLC increased its position in shares of Kinder Morgan by 9.8% in the fourth quarter. Caprock Group LLC now owns 73,916 shares of the pipeline company's stock valued at $2,025,000 after buying an additional 6,582 shares in the last quarter. Finally, Austin Private Wealth LLC increased its position in shares of Kinder Morgan by 7.9% in the fourth quarter. Austin Private Wealth LLC now owns 11,648 shares of the pipeline company's stock valued at $319,000 after buying an additional 848 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Trading Down 0.2%

KMI stock traded down $0.07 during trading on Tuesday, reaching $28.58. 11,723,487 shares of the stock were exchanged, compared to its average volume of 14,000,060. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $63.51 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 3.08 and a beta of 0.74. The business has a 50 day moving average price of $27.19 and a 200-day moving average price of $27.45. Kinder Morgan, Inc. has a 1 year low of $19.29 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a $0.2925 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.09%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is presently 100.86%.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research analyst reports. Scotiabank lifted their price target on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Stifel Nicolaus lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday. Finally, Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.14.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the sale, the president now owns 825,652 shares in the company, valued at approximately $21,970,599.72. The trade was a 2.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 54,000 shares of company stock valued at $1,492,740 over the last 90 days. 12.73% of the stock is owned by company insiders.

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.