U.S. Capital Wealth Advisors LLC Buys 504,528 Shares of Kinder Morgan, Inc. (NYSE:KMI)

U.S. Capital Wealth Advisors LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 127.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 901,204 shares of the pipeline company's stock after purchasing an additional 504,528 shares during the period. Kinder Morgan comprises 0.8% of U.S. Capital Wealth Advisors LLC's investment portfolio, making the stock its 18th biggest position. U.S. Capital Wealth Advisors LLC's holdings in Kinder Morgan were worth $25,711,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of KMI. Financial Counselors Inc. lifted its stake in shares of Kinder Morgan by 14.3% during the first quarter. Financial Counselors Inc. now owns 12,473 shares of the pipeline company's stock worth $356,000 after purchasing an additional 1,558 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Kinder Morgan by 14.8% during the first quarter. TD Private Client Wealth LLC now owns 23,902 shares of the pipeline company's stock worth $682,000 after purchasing an additional 3,088 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Kinder Morgan by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 4,621,872 shares of the pipeline company's stock worth $131,862,000 after acquiring an additional 111,026 shares in the last quarter. Drake & Associates LLC lifted its stake in shares of Kinder Morgan by 29.2% in the first quarter. Drake & Associates LLC now owns 16,891 shares of the pipeline company's stock worth $482,000 after acquiring an additional 3,813 shares in the last quarter. Finally, Argentarii LLC lifted its stake in shares of Kinder Morgan by 32.4% in the first quarter. Argentarii LLC now owns 83,253 shares of the pipeline company's stock worth $2,375,000 after acquiring an additional 20,365 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on KMI. JPMorgan Chase & Co. upped their target price on 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 restated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Stifel Nicolaus raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research report on Monday. Finally, Barclays reaffirmed an "overweight" rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and a consensus price target of $30.40.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.05 during midday trading on Monday, hitting $28.36. The company's stock had a trading volume of 9,336,001 shares, compared to its average volume of 13,955,975. The stock has a market capitalization of $63.02 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 3.12 and a beta of 0.75. The stock's 50 day simple moving average is $27.80 and its 200 day simple moving average is $27.56. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week 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.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's payout ratio is presently 100.86%.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the transaction, the president directly owned 771,652 shares of the company's stock, valued at $21,806,885.52. The trade was a 2.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.73% of the stock is owned by 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.