Kinder Morgan, Inc. (NYSE:KMI) Stake Lowered by Unigestion Holding SA

Unigestion Holding SA lowered its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 17.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,448 shares of the pipeline company's stock after selling 15,916 shares during the quarter. Unigestion Holding SA's holdings in Kinder Morgan were worth $2,210,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of KMI. Centricity Wealth Management LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $25,000. Hurley Capital LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $29,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Scotiabank boosted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, Royal Bank of Canada increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.21.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the transaction, the president now owns 789,652 shares in the company, valued at approximately $21,770,705.64. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 54,000 shares of company stock worth $1,522,440. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

KMI stock traded up $0.18 on Thursday, reaching $28.21. The company's stock had a trading volume of 10,588,941 shares, compared to its average volume of 13,976,769. Kinder Morgan, Inc. has a 52 week low of $19.47 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a market capitalization of $62.67 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The firm has a fifty day moving average of $27.19 and a two-hundred day moving average of $27.46.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is presently 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.