Compass Wealth Management LLC Sells 33,668 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Compass Wealth Management LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 31.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,085 shares of the pipeline company's stock after selling 33,668 shares during the quarter. Compass Wealth Management LLC's holdings in Kinder Morgan were worth $2,114,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hurley Capital LLC acquired a new position in Kinder Morgan in the fourth quarter worth $25,000. Sierra Ocean LLC lifted its stake in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after buying an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan in the fourth quarter valued at $26,000. Morse Asset Management Inc bought a new stake in Kinder Morgan in the fourth quarter valued at $27,000. Finally, Heck Capital Advisors LLC bought a new stake in Kinder Morgan in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KMI shares. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Scotiabank lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Thursday, June 5th. Barclays restated an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Morgan Stanley set a $34.00 price target on Kinder Morgan in a report on Monday. Finally, 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 note on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and a consensus price target of $30.40.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the transaction, the president directly owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.73% of the stock is owned by company insiders.

Kinder Morgan Trading Down 0.2%

KMI traded down $0.05 during midday trading on Monday, reaching $28.36. 9,336,001 shares of the company were exchanged, compared to its average volume of 13,955,976. The stock has a market capitalization of $63.02 billion, a P/E ratio of 24.45, a PEG ratio of 3.12 and a beta of 0.75. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. The stock's 50-day simple moving average is $27.80 and its 200 day simple moving average is $27.56. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48.

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

Kinder Morgan Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend 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 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.