GTS Securities LLC Cuts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

GTS Securities LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,282 shares of the pipeline company's stock after selling 185,004 shares during the quarter. GTS Securities LLC's holdings in Kinder Morgan were worth $337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Xponance Inc. boosted its position in Kinder Morgan by 5.2% during the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after acquiring an additional 15,114 shares during the last quarter. Golden State Equity Partners raised its holdings in Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after acquiring an additional 15,800 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in Kinder Morgan by 2.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock worth $62,062,000 after purchasing an additional 44,474 shares in the last quarter. Clear Creek Financial Management LLC boosted its holdings in shares of Kinder Morgan by 86.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 23,716 shares of the pipeline company's stock worth $650,000 after purchasing an additional 10,987 shares during the last quarter. Finally, Chung Wu Investment Group LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $385,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Trading Up 2.1%

Shares of KMI traded up $0.59 during trading on Monday, reaching $28.63. 16,708,263 shares of the company traded hands, compared to its average volume of 14,009,038. The stock has a 50-day simple moving average of $27.19 and a 200-day simple moving average of $27.45. The stock has a market cap of $63.61 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a twelve month low of $19.29 and a twelve month high of $31.48. 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 (NYSE:KMI - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is currently 100.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted 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. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Scotiabank boosted their price target 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. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research report on Monday, March 3rd. Finally, Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.79.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the sale, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 54,000 shares of company stock valued at $1,492,740. Corporate insiders own 12.73% of the company's stock.

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.