apricus wealth LLC Has $2.93 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

apricus wealth LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 47.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,789 shares of the pipeline company's stock after selling 91,332 shares during the period. Kinder Morgan comprises about 1.7% of apricus wealth LLC's investment portfolio, making the stock its 24th largest position. apricus wealth LLC's holdings in Kinder Morgan were worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hurley Capital LLC bought a new stake in Kinder Morgan during the fourth quarter valued at $25,000. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $26,000. Morse Asset Management Inc acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $29,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

Kinder Morgan stock traded down $0.05 during midday trading on Friday, hitting $27.61. The company's stock had a trading volume of 13,024,872 shares, compared to its average volume of 14,055,832. 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's 50-day moving average price is $27.28 and its 200-day moving average price is $27.44. Kinder Morgan, Inc. has a 12 month low of $19.47 and a 12 month high of $31.48. The company has a market capitalization of $61.34 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS 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 firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.24%. Kinder Morgan's dividend payout ratio is currently 100.86%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the sale, the president now directly owns 789,652 shares of the company's stock, valued at approximately $21,770,705.64. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 54,000 shares of company stock valued at $1,522,440. 12.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.21.

About Kinder Morgan

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.