17,436 Shares in Kinder Morgan, Inc. (NYSE:KMI) Purchased by Meketa Capital LLC

Meketa Capital LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,436 shares of the pipeline company’s stock, valued at approximately $478,000. Kinder Morgan accounts for 1.1% of Meketa Capital LLC’s holdings, making the stock its 29th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Morse Asset Management Inc purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kinder Morgan by 22.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,195,545 shares of the pipeline company’s stock valued at $224,556,000 after purchasing an additional 1,512,083 shares in the last quarter. LRI Investments LLC grew its stake in Kinder Morgan by 9.6% during the 4th quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company’s stock valued at $136,000 after purchasing an additional 435 shares in the last quarter. Investment Management Corp of Ontario grew its stake in Kinder Morgan by 61.6% during the 4th quarter. Investment Management Corp of Ontario now owns 107,101 shares of the pipeline company’s stock valued at $2,935,000 after purchasing an additional 40,843 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $3,795,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

NYSE KMI opened at $27.31 on Tuesday. The firm has a market cap of $60.68 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a one year low of $18.83 and a one year high of $31.48. The stock’s 50 day simple moving average is $27.03 and its 200 day simple moving average is $27.23. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm 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 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.2925 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.28%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is 100.86%.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm’s 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 completion of the sale, the vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred 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 owns 825,652 shares of the company’s stock, valued at $21,970,599.72. This trade represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,461 shares of company stock valued at $3,503,776. 12.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KMI shares. Wells Fargo & Company reiterated an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. UBS Group lifted their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Scotiabank lifted their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, April 21st. Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.79.

Kinder Morgan Company 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.