Quantessence Capital LLC Purchases Shares of 72,119 Kinder Morgan, Inc. (NYSE:KMI)

Quantessence Capital LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 72,119 shares of the pipeline company's stock, valued at approximately $1,976,000.

Several other hedge funds have also bought and sold shares of KMI. Hurley Capital LLC acquired a new stake in Kinder Morgan during the fourth quarter valued at $25,000. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the 4th quarter worth about $25,000. Centricity Wealth Management LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Trading Down 0.1 %

Shares of NYSE KMI traded down $0.02 during midday trading on Friday, reaching $26.85. 9,264,214 shares of the stock were exchanged, compared to its average volume of 13,943,635. Kinder Morgan, Inc. has a twelve month low of $18.13 and a twelve month high of $31.48. The stock has a market capitalization of $59.66 billion, a P/E ratio of 22.95, a PEG ratio of 3.08 and a beta of 0.72. The company has a 50 day simple moving average of $26.94 and a 200 day simple moving average of $26.99. 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 - Get Free Report) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.36%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,461 shares of company stock valued at $3,506,116. Company insiders own 12.73% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a report on Monday, March 3rd. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Wells Fargo & Company lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Scotiabank lifted their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Monday. 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 company's stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and an average price target of $29.64.

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.