Simplicity Wealth LLC Makes New $234,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Simplicity Wealth LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 8,208 shares of the pipeline company’s stock, valued at approximately $234,000.

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

Analyst Ratings Changes

KMI has been the topic of several research analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. Stifel Nicolaus boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, June 3rd. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Royal Bank of Canada boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 29th. Finally, Scotiabank raised their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, June 5th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.21.

Kinder Morgan Trading Up 0.4%

KMI stock opened at $27.63 on Friday. Kinder Morgan, Inc. has a one year low of $19.47 and a one year high of $31.48. The company has a market capitalization of $61.40 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company’s 50 day moving average price is $27.23 and its two-hundred day moving average price is $27.44. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. As a group, analysts predict 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 was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.23%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.86%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares of the company’s stock, valued at $23,219,995. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 54,000 shares of company stock valued at $1,522,440 in the last ninety days. Company insiders own 12.73% of the company’s stock.

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.