Wealthfront Advisers LLC Raises Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Wealthfront Advisers LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 432,927 shares of the pipeline company's stock after purchasing an additional 16,724 shares during the period. Wealthfront Advisers LLC's holdings in Kinder Morgan were worth $12,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Graybill Wealth Management LTD. acquired a new position in shares of Kinder Morgan during the first quarter worth $396,000. Apollon Wealth Management LLC grew its stake in shares of Kinder Morgan by 9.4% during the first quarter. Apollon Wealth Management LLC now owns 94,519 shares of the pipeline company's stock worth $2,697,000 after purchasing an additional 8,089 shares in the last quarter. Hohimer Wealth Management LLC acquired a new position in shares of Kinder Morgan during the first quarter worth $211,000. Bogart Wealth LLC boosted its stake in Kinder Morgan by 8,358.7% in the first quarter. Bogart Wealth LLC now owns 410,669 shares of the pipeline company's stock valued at $11,716,000 after acquiring an additional 405,814 shares in the last quarter. Finally, Catalyst Financial Partners LLC acquired a new position in Kinder Morgan in the first quarter valued at $204,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president directly owned 771,652 shares of the company's stock, 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 accessible through the SEC website. Company insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.45 during trading hours on Friday, hitting $27.94. 4,986,406 shares of the stock were exchanged, compared to its average volume of 13,933,924. The company has a market cap of $62.09 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. Kinder Morgan, Inc. has a 12-month low of $19.68 and a 12-month high of $31.48. The stock has a 50-day moving average of $27.99 and a 200 day moving average of $27.60. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.32%. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.19%. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KMI shares. Barclays restated an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. TD Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Royal Bank Of Canada upped their price objective 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. Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Finally, Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.47.

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.