Valeo Financial Advisors LLC Has $1.12 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Valeo Financial Advisors LLC lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 45.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,222 shares of the pipeline company's stock after acquiring an additional 12,229 shares during the quarter. Valeo Financial Advisors LLC's holdings in Kinder Morgan were worth $1,119,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hurley Capital LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $25,000. Sierra Ocean LLC increased its holdings in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after buying an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan in the fourth quarter valued at about $26,000. Morse Asset Management Inc bought a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $29,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KMI shares. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. TD Cowen started coverage on Kinder Morgan in a report on Monday. They set a "buy" rating and a $34.00 target price for the company. Cowen assumed coverage on Kinder Morgan in a report on Monday. They set a "buy" rating for the company. 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 note on Thursday, June 5th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.40.

Kinder Morgan Price Performance

KMI traded down $0.36 on Wednesday, reaching $27.77. The company had a trading volume of 13,024,332 shares, compared to its average volume of 13,970,553. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $61.71 billion, a P/E ratio of 23.94, a PEG ratio of 3.11 and a beta of 0.75. The company has a fifty day moving average of $27.85 and a 200-day moving average of $27.57.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. As a group, equities 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 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. 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 4.21%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 12.73% of the company's stock.

About Kinder Morgan

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.