Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,880,963 shares of the pipeline company's stock after selling 509,981 shares during the quarter. Kinder Morgan accounts for 1.6% of Confluence Investment Management LLC's investment portfolio, making the stock its 22nd largest position. Confluence Investment Management LLC owned 0.17% of Kinder Morgan worth $110,724,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $29,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm's 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 completion of the sale, the president now owns 789,652 shares in the company, valued at approximately $21,770,705.64. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 54,000 shares of company stock worth $1,492,740. Company insiders own 12.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KMI shares. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Scotiabank increased their price objective on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Monday, April 21st. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.79.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.29 during trading hours on Monday, reaching $28.33. 5,505,099 shares of the company's stock were exchanged, compared to its average volume of 13,965,195. The firm has a market capitalization of $62.95 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a 50-day moving average of $27.19 and a 200 day moving average of $27.44. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1-year low of $19.29 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is 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.