Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by IMA Advisory Services Inc.

IMA Advisory Services Inc. reduced its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,497 shares of the pipeline company's stock after selling 9,269 shares during the quarter. IMA Advisory Services Inc.'s holdings in Kinder Morgan were worth $3,837,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KMI. Sierra Ocean LLC grew its holdings in shares of 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 purchasing an additional 788 shares during the period. Hurley Capital LLC purchased a new position in Kinder Morgan during the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan during the 4th quarter valued at about $26,000. Morse Asset Management Inc purchased a new position in Kinder Morgan during the 4th quarter valued at about $27,000. Finally, JNBA Financial Advisors boosted its holdings in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 870 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KMI. Wells Fargo & Company increased their price target on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Scotiabank lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research note on Monday, July 7th. Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating for the company. Finally, Royal Bank Of Canada upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.00.

Kinder Morgan Price Performance

NYSE KMI opened at $26.99 on Wednesday. The firm has a market cap of $59.97 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 3.44 and a beta of 0.75. The stock's 50-day moving average is $28.00 and its two-hundred day moving average is $27.60. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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 8.31% and a net margin of 17.06%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company posted $0.26 earnings per share. The company's quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio is currently 95.90%.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the 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 directly owned 771,652 shares in the company, valued at $21,806,885.52. This represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.73% of the stock is currently owned by corporate 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.

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