Kinder Morgan, Inc. (NYSE:KMI) Stake Reduced by Capital Management Corp VA

Capital Management Corp VA lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 34.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 266,524 shares of the pipeline company's stock after selling 137,193 shares during the period. Capital Management Corp VA's holdings in Kinder Morgan were worth $7,604,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $25,000. Sierra Ocean LLC grew its position in shares of 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 acquired a new position in Kinder Morgan in the fourth quarter worth $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan in the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter worth $29,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.40 during midday trading on Friday, reaching $27.89. 18,792,404 shares of the company traded hands, compared to its average volume of 13,873,423. Kinder Morgan, Inc. has a 52 week low of $19.68 and a 52 week high of $31.48. The stock has a 50-day moving average price of $28.00 and a 200 day moving average price of $27.60. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.35. The company has a market cap of $61.97 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 3.49 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The company's revenue was up 13.2% on a year-over-year basis. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio is currently 95.90%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMI. TD Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Royal Bank Of Canada lifted 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. Scotiabank lifted 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 Friday. Barclays reaffirmed an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. lifted 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. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.53.

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.