Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,469 shares of the pipeline company’s stock after purchasing an additional 1,115 shares during the period. Transcend Capital Advisors LLC’s holdings in Kinder Morgan were worth $4,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $29,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Kinder Morgan by 178.0% during the fourth 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 last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KMI. Wells Fargo & Company reiterated an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. Barclays reiterated an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research report on Monday. Scotiabank lifted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Thursday, June 5th. Royal Bank Of Canada lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.29.

Kinder Morgan Stock Up 2.1%

Shares of Kinder Morgan stock opened at $28.90 on Friday. Kinder Morgan, Inc. has a 52-week low of $19.47 and a 52-week high of $31.48. The company has a 50 day moving average of $27.56 and a 200 day moving average of $27.46. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $64.21 billion, a P/E ratio of 24.91, a P/E/G ratio of 3.11 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business 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 represents a $1.17 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Wednesday, April 30th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is currently 100.86%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the sale, the president now owns 789,652 shares in the company, valued at approximately $21,770,705.64. The trade was a 2.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 54,000 shares of company stock worth $1,522,440. 12.73% of the stock is currently owned by insiders.

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.