Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Eagle Global Advisors LLC

Eagle Global Advisors LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 248.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 879,460 shares of the pipeline company’s stock after purchasing an additional 627,160 shares during the quarter. Kinder Morgan makes up 1.0% of Eagle Global Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Eagle Global Advisors LLC’s holdings in Kinder Morgan were worth $24,097,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Hurley Capital LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth about $25,000. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan during the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the fourth quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $29,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 703 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the sale, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 111,461 shares of company stock valued at $3,007,516. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.25 on Wednesday. The company has a market capitalization of $60.54 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 3.08 and a beta of 0.74. 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, Inc. has a 1 year low of $18.65 and a 1 year high of $31.48. The company’s 50 day simple moving average is $27.00 and its 200 day simple moving average is $27.15.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.2925 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.29%. The ex-dividend date is Wednesday, April 30th. Kinder Morgan’s payout ratio is currently 100.86%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KMI shares. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a research note on Monday. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup raised their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley increased their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.