Waverly Advisors LLC Has $3.30 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Waverly Advisors LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 43.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,321 shares of the pipeline company's stock after acquiring an additional 36,548 shares during the quarter. Waverly Advisors LLC's holdings in Kinder Morgan were worth $3,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Centricity Wealth Management LLC bought a new stake in Kinder Morgan in the fourth quarter worth about $25,000. Hurley Capital LLC acquired a new stake in Kinder Morgan during the 4th quarter worth about $25,000. Morse Asset Management Inc acquired a new stake in Kinder Morgan during the 4th quarter worth about $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth about $29,000. Finally, SRS Capital Advisors Inc. raised its holdings in Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after buying an additional 703 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 54,000 shares of company stock valued at $1,492,740. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Up 1.2%

Shares of NYSE KMI traded up $0.34 during trading hours on Tuesday, hitting $28.20. The stock had a trading volume of 4,878,896 shares, compared to its average volume of 14,393,028. The company has a market capitalization of $62.65 billion, a P/E ratio of 24.10, a P/E/G ratio of 3.08 and a beta of 0.74. The firm's 50-day moving average price is $27.21 and its two-hundred day moving average price is $27.41. Kinder Morgan, Inc. has a 52 week low of $18.83 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $4.24 billion during 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%. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal 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 $0.2925 dividend. This is a boost 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 4.15%. Kinder Morgan's payout ratio is presently 100.86%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank of Canada boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a report on Monday, March 3rd. UBS Group boosted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $29.79.

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.