Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 14.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,913 shares of the pipeline company's stock after selling 15,543 shares during the period. Kinder Morgan makes up approximately 0.4% of Steel Grove Capital Advisors LLC's portfolio, making the stock its 26th largest position. Steel Grove Capital Advisors LLC's holdings in Kinder Morgan were worth $2,708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Kinder Morgan in the 4th quarter valued at approximately $917,523,000. Raymond James Financial Inc. acquired a new stake in Kinder Morgan in the 4th quarter valued at approximately $157,804,000. Assenagon Asset Management S.A. increased its holdings in Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after purchasing an additional 3,718,521 shares during the last quarter. Blackstone Inc. increased its holdings in Kinder Morgan by 435.0% in the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after purchasing an additional 3,543,670 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in Kinder Morgan in the 4th quarter valued at approximately $87,729,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.46 on Wednesday. The stock has a market cap of $61.02 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. The company has a fifty day simple moving average of $27.35 and a 200-day simple moving average of $27.43. Kinder Morgan, Inc. has a 12-month low of $19.47 and a 12-month high of $31.48. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.2925 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.26%. Kinder Morgan's payout ratio is 100.86%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Stifel Nicolaus raised their price target 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and an average price target of $30.21.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total value of $496,260.00. Following the completion of the sale, the president now directly owns 789,652 shares of the company's stock, valued at $21,770,705.64. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 54,000 shares of company stock valued at $1,522,440 over the last ninety days. Insiders own 12.73% of the company's stock.

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.

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