Dakota Wealth Management Cuts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Dakota Wealth Management trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 257,346 shares of the pipeline company's stock after selling 13,634 shares during the quarter. Dakota Wealth Management's holdings in Kinder Morgan were worth $7,342,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in KMI. Sierra Ocean LLC boosted its stake 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 during the last quarter. Hurley Capital LLC acquired a new position in Kinder Morgan during the fourth quarter worth $25,000. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the fourth quarter worth $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan during the fourth quarter worth $27,000. Finally, JNBA Financial Advisors boosted its stake in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after buying an additional 870 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 0.0%

Shares of KMI stock traded up $0.01 on Wednesday, hitting $27.95. The stock had a trading volume of 16,262,245 shares, compared to its average volume of 13,965,041. 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 firm has a market capitalization of $62.10 billion, a P/E ratio of 24.09, a P/E/G ratio of 3.05 and a beta of 0.75. Kinder Morgan, Inc. has a 1 year low of $19.68 and a 1 year high of $31.48. The company's 50 day moving average price is $27.97 and its 200-day moving average price is $27.60.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.19%. Kinder Morgan's dividend payout ratio is 100.86%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company'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 $21,806,885.52. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMI. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research note on Monday, July 7th. TD Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 price target on the stock. Stifel Nicolaus upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Scotiabank upped their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Thursday, June 5th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average target price of $30.40.

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.