Disciplined Equity Management Inc. Sells 14,170 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Disciplined Equity Management Inc. lowered its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 25.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,890 shares of the pipeline company's stock after selling 14,170 shares during the period. Kinder Morgan comprises approximately 0.8% of Disciplined Equity Management Inc.'s investment portfolio, making the stock its 15th biggest position. Disciplined Equity Management Inc.'s holdings in Kinder Morgan were worth $1,195,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Xponance Inc. lifted its stake in Kinder Morgan by 5.2% in the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after purchasing an additional 15,114 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock valued at $62,062,000 after purchasing an additional 44,474 shares during the last quarter. Chung Wu Investment Group LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $385,000. KLP Kapitalforvaltning AS purchased a new stake in Kinder Morgan in the 4th quarter valued at $21,774,000. Finally, Bridgewealth Advisory Group LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at $377,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total transaction of $496,260.00. Following the transaction, the president now owns 789,652 shares of the company's stock, valued at approximately $21,770,705.64. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 54,000 shares of company stock worth $1,522,440 in the last three months. 12.73% of the stock is owned by insiders.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded up $0.14 during trading on Wednesday, hitting $27.52. 13,375,550 shares of the stock were exchanged, compared to its average volume of 13,997,512. The stock's fifty day moving average is $27.14 and its 200 day moving average is $27.45. The stock has a market cap of $61.14 billion, a PE ratio of 23.52, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a 12 month low of $19.47 and a 12 month high of $31.48.

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

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.25%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Analysts Set New Price Targets

KMI has been the subject of several analyst reports. Stifel Nicolaus increased their price target 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. Royal Bank of Canada increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. 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 report on Thursday, June 5th. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.21.

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.