Turtle Creek Wealth Advisors LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 121,257 shares of the pipeline company's stock, valued at approximately $3,459,000.

Several other hedge funds also recently modified their holdings of KMI. Xponance Inc. raised its position in shares of Kinder Morgan by 5.2% during the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after purchasing an additional 15,114 shares during the period. Royal London Asset Management Ltd. grew its holdings in shares of Kinder Morgan by 2.0% during 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 buying an additional 44,474 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Kinder Morgan during the fourth quarter valued at $21,774,000. Bridgewealth Advisory Group LLC acquired a new stake in Kinder Morgan during the fourth quarter valued at $377,000. Finally, Unigestion Holding SA boosted its position in Kinder Morgan by 22.3% during the fourth quarter. Unigestion Holding SA now owns 93,364 shares of the pipeline company's stock valued at $2,558,000 after purchasing an additional 16,993 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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 analysts have weighed in on the company. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research report on Monday, July 7th. Barclays reaffirmed an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Scotiabank boosted their price target 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. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and an average price target of $30.40.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded up $0.01 during trading on Wednesday, reaching $27.95. The company's stock had a trading volume of 16,191,909 shares, compared to its average volume of 13,964,941. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. The firm has a market cap of $62.10 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75. The business's fifty day moving average price is $27.97 and its 200-day moving average price is $27.60.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.19%. 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. Kinder Morgan's payout ratio is currently 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.