Jmac Enterprises LLC Buys 6,100 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Jmac Enterprises LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 28.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 27,400 shares of the pipeline company’s stock after acquiring an additional 6,100 shares during the period. Jmac Enterprises LLC’s holdings in Kinder Morgan were worth $782,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its stake in Kinder Morgan by 16.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 582,712 shares of the pipeline company’s stock valued at $16,625,000 after purchasing an additional 80,224 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in Kinder Morgan by 136.4% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,375 shares of the pipeline company’s stock valued at $1,608,000 after acquiring an additional 32,531 shares in the last quarter. Childress Capital Advisors LLC acquired a new position in Kinder Morgan in the 1st quarter valued at approximately $216,000. Buck Wealth Strategies LLC acquired a new position in Kinder Morgan in the 1st quarter valued at approximately $209,000. Finally, Praxis Investment Management Inc. raised its holdings in Kinder Morgan by 46.2% in the 1st quarter. Praxis Investment Management Inc. now owns 207,480 shares of the pipeline company’s stock valued at $5,919,000 after acquiring an additional 65,580 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 $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 is available through this link. Insiders sold a total of 54,000 shares of company stock worth $1,522,440 in the last quarter. 12.73% of the stock is owned by company insiders.

Kinder Morgan Stock Up 1.6%

Shares of NYSE:KMI opened at $28.01 on Monday. Kinder Morgan, Inc. has a 12 month low of $19.47 and a 12 month high of $31.48. The company’s 50-day moving average price is $27.44 and its two-hundred day moving average price is $27.43. 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 firm has a market cap of $62.23 billion, a P/E ratio of 24.14, a P/E/G ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 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 firm had revenue of $4.24 billion for the quarter, compared to analyst estimates 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 firm 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. 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. This represents a $1.17 dividend on an annualized basis and a yield of 4.18%. Kinder Morgan’s dividend payout ratio is presently 100.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 29th. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. Scotiabank increased their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, June 5th. Stifel Nicolaus increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. increased their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.21.

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.