Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Abbot Financial Management Inc.

Abbot Financial Management Inc. boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,532 shares of the pipeline company’s stock after acquiring an additional 2,082 shares during the period. Abbot Financial Management Inc.’s holdings in Kinder Morgan were worth $1,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC boosted its position in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 788 shares during the period. Hurley Capital LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth about $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Finally, JNBA Financial Advisors increased its stake in shares of Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 870 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were 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. The trade was a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Down 0.1%

KMI stock opened at $27.40 on Monday. The firm has a market cap of $60.89 billion, a PE ratio of 22.46, a P/E/G ratio of 3.48 and a beta of 0.75. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $27.95 and a 200 day simple moving average of $27.57.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. Kinder Morgan’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.2925 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.27%. Kinder Morgan’s dividend payout ratio is currently 95.90%.

Analysts Set New Price Targets

KMI has been the subject of several analyst reports. Scotiabank boosted 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 Friday, July 18th. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research note on Monday, July 7th. Stifel Nicolaus increased their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Barclays reissued an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, TD Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

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.