Janney Montgomery Scott LLC Trims Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Janney Montgomery Scott LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,479,940 shares of the pipeline company's stock after selling 75,839 shares during the period. Janney Montgomery Scott LLC owned about 0.07% of Kinder Morgan worth $42,223,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth $25,000. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $29,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 0.1%

NYSE:KMI opened at $27.66 on Tuesday. The business's 50-day moving average is $27.33 and its two-hundred day moving average is $27.43. The firm has a market capitalization of $61.47 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 12 month low of $19.47 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Research 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. Stockholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This is a boost 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 4.23%. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's payout ratio is presently 100.86%.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business'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 transaction, the president now owns 789,652 shares in the company, valued at $21,770,705.64. The trade was a 2.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 54,000 shares of company stock worth $1,522,440. 12.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent analyst reports. Scotiabank increased their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock 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. 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. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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