Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Keybank National Association OH

Keybank National Association OH cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 7.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 441,385 shares of the pipeline company's stock after selling 37,056 shares during the period. Keybank National Association OH's holdings in Kinder Morgan were worth $12,593,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KMI. Hurley Capital LLC bought a new stake in Kinder Morgan in the fourth quarter worth $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $26,000. Morse Asset Management Inc bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $29,000. Finally, JNBA Financial Advisors grew its position in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after acquiring an additional 870 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KMI shares. Royal Bank Of Canada lifted 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. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Scotiabank increased 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. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.29.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. The trade was 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 accessible through this hyperlink. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Down 0.5%

Shares of KMI stock traded down $0.14 during mid-day trading on Thursday, hitting $28.37. 5,100,555 shares of the stock traded hands, compared to its average volume of 13,954,543. Kinder Morgan, Inc. has a 52-week low of $19.68 and a 52-week high of $31.48. The stock has a market cap of $63.03 billion, a P/E ratio of 24.45, a P/E/G ratio of 3.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The stock's fifty day moving average is $27.74 and its two-hundred day moving average is $27.51.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm 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. This represents a $1.17 annualized dividend and a yield of 4.12%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's payout ratio is 100.86%.

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.