Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Fisher Funds Management LTD

Fisher Funds Management LTD trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 12.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,005,914 shares of the pipeline company's stock after selling 274,699 shares during the quarter. Kinder Morgan makes up about 1.4% of Fisher Funds Management LTD's holdings, making the stock its 23rd biggest position. Fisher Funds Management LTD owned 0.09% of Kinder Morgan worth $57,229,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Hurley Capital LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan in the 4th quarter valued at $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $29,000. Finally, JNBA Financial Advisors grew its stake in shares of 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 purchasing an additional 870 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president owned 771,652 shares of the company's stock, valued at $21,806,885.52. This represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Down 0.2%

NYSE:KMI traded down $0.05 on Monday, reaching $28.36. The stock had a trading volume of 9,336,001 shares, compared to its average volume of 13,955,976. The company has a market cap of $63.02 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 3.12 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 firm's fifty day moving average is $27.80 and its two-hundred day moving average is $27.56. Kinder Morgan, Inc. has a 12-month low of $19.68 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.13%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is currently 100.86%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KMI shares. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. 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 note on Tuesday, April 29th. Cowen started coverage on shares of Kinder Morgan in a research note on Monday. They set a "buy" rating on the stock. Barclays reaffirmed an "overweight" rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Finally, Scotiabank upped their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.40.

Kinder Morgan 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.