TrueMark Investments LLC Increases Position in Kinder Morgan, Inc. (NYSE:KMI)

TrueMark Investments LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,567 shares of the pipeline company's stock after purchasing an additional 13,317 shares during the quarter. TrueMark Investments LLC's holdings in Kinder Morgan were worth $3,953,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. raised its position in Kinder Morgan by 5.2% in the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock valued at $8,303,000 after purchasing an additional 15,114 shares during the period. Royal London Asset Management Ltd. raised its position in Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock valued at $62,062,000 after purchasing an additional 44,474 shares during the period. Chung Wu Investment Group LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $385,000. KLP Kapitalforvaltning AS purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $21,774,000. Finally, Bridgewealth Advisory Group LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $377,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KMI shares. Stifel Nicolaus upped their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a research report on Monday, March 3rd. Royal Bank Of Canada upped their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Finally, Scotiabank upped their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.21.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the transaction, the president now owns 789,652 shares of the company's stock, valued at approximately $21,770,705.64. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 54,000 shares of company stock valued at $1,522,440. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.01 on Monday. The firm has a market capitalization of $62.23 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The business's fifty day moving average price is $27.44 and its 200 day moving average price is $27.43. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 12 month low of $19.47 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates 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 anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.18%. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

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.

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