Aurdan Capital Management LLC Invests $569,000 in Kinder Morgan, Inc. (NYSE:KMI)

Aurdan Capital Management LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,752 shares of the pipeline company’s stock, valued at approximately $569,000.

Several other hedge funds also recently made changes to their positions in KMI. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan in the fourth quarter valued at $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at $29,000. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on KMI shares. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. UBS Group raised their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 29th. Citigroup raised their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $29.79.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares of the company’s stock, valued at approximately $21,970,599.72. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 54,000 shares of company stock valued at $1,492,740. 12.73% of the stock is owned by company insiders.

Kinder Morgan Trading Up 2.0%

KMI stock opened at $27.88 on Friday. The company has a fifty day moving average price of $27.21 and a two-hundred day moving average price of $27.40. The stock has a market cap of $61.95 billion, a price-to-earnings ratio of 23.83, 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 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 announced 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. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current 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 given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Wednesday, April 30th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is presently 100.86%.

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.