Chilton Capital Management LLC Cuts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Chilton Capital Management LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 47.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,298 shares of the pipeline company's stock after selling 24,396 shares during the quarter. Chilton Capital Management LLC's holdings in Kinder Morgan were worth $779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sierra Ocean LLC grew its position in shares of Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares during the period. Hurley Capital LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC bought a new position in Kinder Morgan during the 4th quarter valued at $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan during the 4th quarter valued at $27,000. Finally, JNBA Financial Advisors lifted its stake in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 870 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.54 during midday trading on Tuesday, hitting $27.80. The company's stock had a trading volume of 2,280,520 shares, compared to its average volume of 13,912,352. The stock has a fifty day moving average price of $27.83 and a 200 day moving average price of $27.57. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48. The firm has a market capitalization of $61.76 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 3.12 and a beta of 0.75. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly 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. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.21%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio is 100.86%.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. Scotiabank lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Cowen initiated coverage on Kinder Morgan in a research note on Monday. They set a "buy" rating on the stock. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research note on Monday. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, Stifel Nicolaus lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average target price of $30.40.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the transaction, the president directly owned 771,652 shares in the company, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.