Adams Asset Advisors LLC Has $3.93 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Adams Asset Advisors LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 26.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,628 shares of the pipeline company's stock after selling 50,307 shares during the period. Adams Asset Advisors LLC's holdings in Kinder Morgan were worth $3,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMI. Norges Bank acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $917,523,000. Raymond James Financial Inc. purchased a new stake in Kinder Morgan in the 4th quarter valued at about $157,804,000. Assenagon Asset Management S.A. increased its stake in Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after buying an additional 3,718,521 shares during the last quarter. Blackstone Inc. increased its stake in Kinder Morgan by 435.0% in the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after buying an additional 3,543,670 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in Kinder Morgan in the 4th quarter valued at about $87,729,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Up 0.3%

KMI opened at $27.57 on Thursday. The company has a 50 day moving average of $27.38 and a 200 day moving average of $27.43. The company has a market cap of $61.25 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.02 and a beta of 0.74. Kinder Morgan, Inc. has a 12 month low of $19.47 and a 12 month high of $31.48. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.2925 dividend. 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. This represents a $1.17 annualized dividend and a yield of 4.24%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total value of $496,260.00. Following the completion of the transaction, the president now directly owns 789,652 shares of the company's stock, valued at $21,770,705.64. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 54,000 shares of company stock valued at $1,522,440. Company insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Royal Bank Of Canada increased their price objective 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. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Scotiabank increased their price objective 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. Finally, JPMorgan Chase & Co. increased their price objective 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. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Kinder Morgan currently 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.

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