Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Callahan Advisors LLC

Callahan Advisors LLC cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 374,009 shares of the pipeline company's stock after selling 87,168 shares during the quarter. Callahan Advisors LLC's holdings in Kinder Morgan were worth $10,670,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Hurley Capital LLC purchased a new position in Kinder Morgan during the fourth quarter worth $25,000. Sierra Ocean LLC increased its position in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan during the fourth quarter worth $26,000. Morse Asset Management Inc purchased a new position in Kinder Morgan during the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter worth $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on KMI shares. TD Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price target for the company. Stifel Nicolaus lifted 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, June 3rd. Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating for the company. Royal Bank Of Canada lifted their price objective 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. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.40.

Kinder Morgan Trading Up 0.2%

KMI stock traded up $0.06 during trading on Friday, reaching $27.85. 11,279,457 shares of the stock traded hands, compared to its average volume of 13,942,786. The business's 50 day moving average price is $27.93 and its 200-day moving average price is $27.58. Kinder Morgan, Inc. has a 52-week low of $19.68 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The firm has a market capitalization of $61.88 billion, a PE ratio of 24.01, a P/E/G ratio of 3.00 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.20%. 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. Kinder Morgan's payout ratio is 100.86%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president owned 771,652 shares of the company's stock, valued at $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.73% of the company's stock.

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.