McGlone Suttner Wealth Management Inc. Acquires 1,027 Shares of Kinder Morgan, Inc. (NYSE:KMI)

McGlone Suttner Wealth Management Inc. increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 5.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 20,956 shares of the pipeline company’s stock after buying an additional 1,027 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Kinder Morgan were worth $598,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Sierra Ocean LLC increased its holdings in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after buying an additional 788 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Kinder Morgan by 9.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 125,327 shares of the pipeline company’s stock valued at $3,576,000 after purchasing an additional 11,046 shares during the period. Elite Financial Inc. bought a new stake in shares of Kinder Morgan during the 1st quarter valued at about $116,000. Capital Investment Advisory Services LLC grew its stake in shares of Kinder Morgan by 7.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 47,484 shares of the pipeline company’s stock valued at $1,355,000 after purchasing an additional 3,094 shares during the period. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Kinder Morgan by 4.0% during the 1st quarter. Catalyst Capital Advisors LLC now owns 779,263 shares of the pipeline company’s stock valued at $22,232,000 after purchasing an additional 30,128 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, the president directly owned 771,652 shares of the company’s stock, valued at $21,806,885.52. This represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on KMI. Stifel Nicolaus boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Wells Fargo & Company reiterated an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Scotiabank boosted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, June 5th. Finally, Barclays reiterated an “overweight” rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.29.

Kinder Morgan Trading Down 0.5%

KMI stock opened at $28.37 on Friday. Kinder Morgan, Inc. has a 1-year low of $19.68 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The company has a market capitalization of $63.03 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 3.12 and a beta of 0.75. The business has a 50 day simple moving average of $27.80 and a two-hundred day simple moving average of $27.55.

Kinder Morgan (NYSE:KMI) last issued 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 business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.12%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is 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.