Alpha Omega Wealth Management LLC Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Alpha Omega Wealth Management LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 40.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 88,291 shares of the pipeline company's stock after selling 59,562 shares during the period. Alpha Omega Wealth Management LLC's holdings in Kinder Morgan were worth $2,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Xponance Inc. raised its holdings in Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock valued at $8,303,000 after buying an additional 15,114 shares during the period. Royal London Asset Management Ltd. increased its stake in Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock worth $62,062,000 after purchasing an additional 44,474 shares during the period. Chung Wu Investment Group LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $385,000. KLP Kapitalforvaltning AS purchased a new stake in Kinder Morgan in the fourth quarter worth $21,774,000. Finally, Bridgewealth Advisory Group LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $377,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. 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 report on Tuesday, June 3rd. Royal Bank of Canada increased their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.21.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 54,000 shares of company stock worth $1,522,440. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.05 during trading on Friday, hitting $27.61. The stock had a trading volume of 13,024,872 shares, compared to its average volume of 14,055,832. Kinder Morgan, Inc. has a 12-month low of $19.47 and a 12-month high of $31.48. The stock has a market capitalization of $61.34 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock has a 50-day simple moving average of $27.28 and a two-hundred day simple moving average of $27.44.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, equities research analysts expect 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 is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.24%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is currently 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.