Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Jennison Associates LLC

Jennison Associates LLC reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,051,889 shares of the pipeline company's stock after selling 423,298 shares during the period. Jennison Associates LLC's holdings in Kinder Morgan were worth $30,010,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Hurley Capital LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $25,000. Sierra Ocean LLC lifted its position in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $26,000. Morse Asset Management Inc purchased a new position in Kinder Morgan during the fourth quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank Of Canada lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a report on Monday, July 7th. Scotiabank boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective on the stock. Finally, Barclays reiterated an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $31.00.

Kinder Morgan Stock Down 1.2%

Shares of NYSE:KMI traded down $0.34 on Wednesday, hitting $26.64. 5,937,059 shares of the company's stock were exchanged, compared to its average volume of 13,806,166. Kinder Morgan, Inc. has a 1-year low of $19.68 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.35 and a current ratio of 0.68. The company has a market capitalization of $59.18 billion, a PE ratio of 21.86, a P/E/G ratio of 3.44 and a beta of 0.75. The firm's 50-day moving average is $28.00 and its 200 day moving average is $27.60.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president directly owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.