Capital Investment Advisors LLC Has $15.08 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Capital Investment Advisors LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 9.2% during the 1st quarter, Holdings Channel reports. The firm owned 528,487 shares of the pipeline company’s stock after purchasing an additional 44,574 shares during the period. Capital Investment Advisors LLC’s holdings in Kinder Morgan were worth $15,078,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Kinder Morgan in the fourth quarter worth $917,523,000. Raymond James Financial Inc. bought a new stake in Kinder Morgan during the fourth quarter worth $157,804,000. Blackstone Inc. raised its stake in Kinder Morgan by 435.0% in the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company’s stock valued at $119,416,000 after buying an additional 3,543,670 shares during the period. Artisan Partners Limited Partnership acquired a new stake in Kinder Morgan during the 4th quarter valued at $87,729,000. Finally, Amundi boosted its position in Kinder Morgan by 28.9% during the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock worth $334,381,000 after purchasing an additional 2,650,040 shares during the period. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KMI shares. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research report on Monday, March 3rd. Scotiabank boosted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday. Stifel Nicolaus increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $30.21.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company’s 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 sale, the president now owns 789,652 shares in the company, valued at $21,770,705.64. This represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 54,000 shares of company stock worth $1,522,440 over the last three months. 12.73% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $28.15 on Friday. 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 52 week low of $19.47 and a 52 week high of $31.48. The stock has a market capitalization of $62.55 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The stock has a fifty day moving average of $27.17 and a 200-day moving average of $27.46.

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

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Wednesday, April 30th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is currently 100.86%.

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.