Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 17.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,570 shares of the pipeline company's stock after selling 42,991 shares during the period. Gilman Hill Asset Management LLC's holdings in Kinder Morgan were worth $5,694,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KMI. Norges Bank acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $917,523,000. Raymond James Financial Inc. acquired a new stake in Kinder Morgan during the fourth quarter worth about $157,804,000. Blackstone Inc. raised its stake in Kinder Morgan by 435.0% during the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after purchasing an additional 3,543,670 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $87,729,000. Finally, Amundi increased its holdings in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after buying an additional 2,650,040 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Down 0.3%

NYSE:KMI traded down $0.09 during midday trading on Friday, reaching $28.15. The company had a trading volume of 11,891,717 shares, compared to its average volume of 13,965,478. Kinder Morgan, Inc. has a 12-month low of $19.47 and a 12-month high of $31.48. The firm has a market capitalization of $62.55 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 3.08 and a beta of 0.74. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The stock's fifty day simple moving average is $27.18 and its 200-day simple moving average is $27.46.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its 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. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. On average, sell-side analysts anticipate 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 paid a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.16%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is presently 100.86%.

Analyst Ratings Changes

Several brokerages recently weighed in on KMI. Stifel Nicolaus increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday. Royal Bank of Canada raised 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. 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 report on Monday, March 3rd. Scotiabank lifted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Thursday. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.21.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares of the company's stock, valued at approximately $23,219,995. This represents a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 54,000 shares of company stock valued at $1,522,440 over the last quarter. 12.73% of the stock is owned by insiders.

Kinder Morgan Company 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.