Jaffetilchin Investment Partners LLC Reduces Position in Kinder Morgan, Inc. (NYSE:KMI)

Jaffetilchin Investment Partners LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 25.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,541 shares of the pipeline company's stock after selling 9,468 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Kinder Morgan were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Kinder Morgan in the fourth quarter worth about $308,000. Wealthspire Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $225,000. New York Life Investment Management LLC grew its position in shares of Kinder Morgan by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 287,402 shares of the pipeline company's stock worth $7,875,000 after buying an additional 1,037 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Kinder Morgan by 1.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 90,099 shares of the pipeline company's stock valued at $2,469,000 after buying an additional 941 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $4,176,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Up 1.6%

Shares of Kinder Morgan stock traded up $0.45 during midday trading on Monday, hitting $29.43. The company had a trading volume of 14,238,815 shares, compared to its average volume of 13,946,324. Kinder Morgan, Inc. has a 52-week low of $19.47 and a 52-week high of $31.48. 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 has a market capitalization of $65.40 billion, a P/E ratio of 25.37, a P/E/G ratio of 3.18 and a beta of 0.74. The company has a 50 day moving average of $27.60 and a 200 day moving average of $27.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. On average, equities analysts predict 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. Shareholders of record on Wednesday, April 30th were issued a $0.2925 dividend. 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. This represents a $1.17 annualized dividend and a yield of 3.98%. Kinder Morgan's payout ratio is 100.86%.

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, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president owned 771,652 shares of the company's stock, valued at $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 54,000 shares of company stock valued at $1,522,440 in the last 90 days. Corporate insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent analyst reports. Barclays reiterated an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Scotiabank lifted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Thursday, June 5th. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.29.

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.