B. Riley Wealth Advisors Inc. Sells 27,435 Shares of Kinder Morgan, Inc. (NYSE:KMI)

B. Riley Wealth Advisors Inc. lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 21.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,785 shares of the pipeline company's stock after selling 27,435 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Kinder Morgan were worth $2,734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMI. Norges Bank purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at $917,523,000. Raymond James Financial Inc. purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at $157,804,000. Blackstone Inc. boosted its holdings in Kinder Morgan by 435.0% in the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after acquiring an additional 3,543,670 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Kinder Morgan in the fourth quarter valued at $87,729,000. Finally, Amundi boosted its holdings in Kinder Morgan by 28.9% in the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock valued at $334,381,000 after acquiring an additional 2,650,040 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now directly owns 807,652 shares of the company's stock, valued at approximately $23,219,995. The trade was a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 54,000 shares of company stock valued at $1,492,740 over the last quarter. Corporate insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KMI. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Scotiabank upped their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st. Royal Bank of Canada upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $29.79.

Kinder Morgan Stock Down 0.9%

Kinder Morgan stock traded down $0.24 during mid-day trading on Wednesday, hitting $27.95. 10,607,623 shares of the company's stock were exchanged, compared to its average volume of 13,981,364. The stock has a market cap of $62.11 billion, a P/E ratio of 23.89, a P/E/G ratio of 3.08 and a beta of 0.74. The stock has a 50 day moving average of $27.22 and a two-hundred day moving average of $27.42. Kinder Morgan, Inc. has a 1-year low of $18.83 and a 1-year high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS 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 issued a $0.2925 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.19%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Kinder Morgan 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.