Bryn Mawr Capital Management LLC Sells 28,947 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Bryn Mawr Capital Management LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 70.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,092 shares of the pipeline company's stock after selling 28,947 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Kinder Morgan were worth $345,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC boosted its position in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after acquiring an additional 788 shares during the last quarter. Hurley Capital LLC acquired a new position in Kinder Morgan during the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the 4th quarter worth approximately $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan during the 4th quarter worth approximately $27,000. Finally, JNBA Financial Advisors boosted its position in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after acquiring an additional 870 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.40 during mid-day trading on Friday, hitting $27.89. 18,790,082 shares of the company's stock traded hands, compared to its average volume of 14,273,773. The firm has a 50 day simple moving average of $27.99 and a two-hundred day simple moving average of $27.60. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48. The stock has a market cap of $61.97 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 3.01 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.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.32% and a net margin of 17.06%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the firm posted $0.26 EPS. The company's quarterly revenue was up 13.2% on a year-over-year basis. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.20%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's payout ratio is 100.86%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. TD Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research note on Monday, July 7th. Scotiabank raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday. Finally, Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and an average target price of $30.53.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction 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 transaction, the president owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.73% of the stock is owned by insiders.

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.