Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Beacon Financial Group

Beacon Financial Group cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 238,246 shares of the pipeline company's stock after selling 27,262 shares during the period. Beacon Financial Group's holdings in Kinder Morgan were worth $6,797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $25,000. Hurley Capital LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan in the fourth quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 transaction, the president now directly owns 789,652 shares of the company's stock, valued at $21,770,705.64. The trade was a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 54,000 shares of company stock worth $1,522,440. 12.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stifel Nicolaus upped their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday. Scotiabank increased their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Thursday. 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 research report on Tuesday, April 29th. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Finally, 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 report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and an average price target of $30.21.

Kinder Morgan Trading Down 0.3%

Shares of NYSE KMI traded down $0.09 during trading on Friday, reaching $28.15. The stock had a trading volume of 11,891,717 shares, compared to its average volume of 13,965,478. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a market cap of $62.55 billion, a P/E ratio of 24.06, a PEG ratio of 3.08 and a beta of 0.74. The business's 50-day moving average price is $27.18 and its 200-day moving average price is $27.46. Kinder Morgan, Inc. has a fifty-two week low of $19.47 and a fifty-two week high of $31.48.

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, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

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.