Zimmer Partners LP Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Zimmer Partners LP purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,281,000 shares of the pipeline company's stock, valued at approximately $62,499,000. Kinder Morgan accounts for 1.1% of Zimmer Partners LP's investment portfolio, making the stock its 27th biggest position. Zimmer Partners LP owned about 0.10% of Kinder Morgan at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new stake in Kinder Morgan during the 4th quarter worth $25,000. Morse Asset Management Inc acquired a new stake in Kinder Morgan during the 4th quarter worth $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth $29,000. Finally, SRS Capital Advisors Inc. raised its stake 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. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the transaction, the president now owns 789,652 shares in the company, valued at approximately $21,770,705.64. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 54,000 shares of company stock worth $1,492,740. Company insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $28.00 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock's 50-day simple moving average is $27.18 and its 200 day simple moving average is $27.34. The company has a market cap of $62.22 billion, a P/E ratio of 23.93, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 52-week low of $18.83 and a 52-week high of $31.48.

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 (EPS) for the quarter, meeting 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 8.09% and a net margin of 17.31%. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.18%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

Analysts Set New Price Targets

Several brokerages recently commented on KMI. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Scotiabank raised their price objective on Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.79.

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.

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