Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,363 shares of the pipeline company’s stock after purchasing an additional 6,057 shares during the period. Avior Wealth Management LLC’s holdings in Kinder Morgan were worth $3,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $25,000. Hurley Capital LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan during the fourth quarter worth about $27,000. Finally, Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $28.01 on Friday. Kinder Morgan, Inc. has a 1 year low of $19.47 and a 1 year high of $31.48. The firm has a 50 day moving average price of $27.44 and a 200 day moving average price of $27.43. The company has a market cap of $62.23 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 3.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $4.02 billion. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were 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 4.18%. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan’s payout ratio is currently 100.86%.

Insiders Place Their Bets

In other Kinder Morgan 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 directly owns 789,652 shares in the company, valued at $21,770,705.64. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 54,000 shares of company stock worth $1,522,440 over the last ninety days. 12.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Scotiabank lifted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 5th. Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Monday, March 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a research 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.