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

Steel Grove Capital Advisors LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 14.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,913 shares of the pipeline company's stock after selling 15,543 shares during the quarter. Kinder Morgan makes up approximately 0.4% of Steel Grove Capital Advisors LLC's holdings, making the stock its 26th biggest holding. Steel Grove Capital Advisors LLC's holdings in Kinder Morgan were worth $2,708,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KMI. Brighton Jones LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $308,000. Allspring Global Investments Holdings LLC grew its position in shares of Kinder Morgan by 191.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 292,293 shares of the pipeline company's stock valued at $8,216,000 after buying an additional 191,907 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Kinder Morgan by 36.1% during the 4th quarter. Vontobel Holding Ltd. now owns 36,506 shares of the pipeline company's stock valued at $1,000,000 after buying an additional 9,675 shares during the last quarter. Principal Securities Inc. grew its position in shares of Kinder Morgan by 9.7% during the 4th quarter. Principal Securities Inc. now owns 16,420 shares of the pipeline company's stock valued at $450,000 after buying an additional 1,447 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Kinder Morgan by 78.6% during the 4th quarter. Allworth Financial LP now owns 68,485 shares of the pipeline company's stock valued at $1,876,000 after buying an additional 30,131 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on KMI. Scotiabank raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Thursday, June 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 note on Tuesday, June 3rd. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. 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 note on Tuesday, May 6th. Finally, Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.21.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president now owns 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 Price Performance

KMI stock traded up $0.44 on Friday, hitting $28.01. 17,013,984 shares of the company's stock traded hands, compared to its average volume of 14,022,594. Kinder Morgan, Inc. has a 1-year low of $19.47 and a 1-year high of $31.48. The stock has a market cap of $62.23 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 3.08 and a beta of 0.74. The stock has a fifty day moving average of $27.44 and a 200-day moving average of $27.43. 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 released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.18%. Kinder Morgan's dividend payout ratio is currently 100.86%.

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.