ORG Wealth Partners LLC Has $490,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

ORG Wealth Partners LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,116 shares of the pipeline company’s stock after acquiring an additional 442 shares during the quarter. ORG Wealth Partners LLC’s holdings in Kinder Morgan were worth $490,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the 4th quarter worth about $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan during the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter worth about $29,000. Institutional investors and hedge funds 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 the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total value of $496,260.00. Following the transaction, 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 at this hyperlink. Insiders have sold 54,000 shares of company stock worth $1,522,440 in the last 90 days. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.57 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. The stock has a 50 day moving average price of $27.38 and a two-hundred day moving average price of $27.43. The firm has a market capitalization of $61.25 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.02 and a beta of 0.74. Kinder Morgan, Inc. has a 52 week low of $19.47 and a 52 week high of $31.48.

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 return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.24%. 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. Kinder Morgan’s payout ratio is presently 100.86%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays raised 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. Scotiabank lifted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 5th. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. Finally, Stifel Nicolaus lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $30.21.

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.