Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Montchanin Asset Management LLC

Montchanin Asset Management LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,095 shares of the pipeline company's stock after selling 11,500 shares during the quarter. Kinder Morgan makes up approximately 7.6% of Montchanin Asset Management LLC's portfolio, making the stock its 3rd biggest position. Montchanin Asset Management LLC's holdings in Kinder Morgan were worth $7,812,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMI. Hurley Capital LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan in the fourth quarter valued at $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth 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 equities research analysts recently commented on KMI shares. UBS Group raised their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Scotiabank lifted their price target on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Monday, April 21st. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Citigroup raised their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and a consensus target price of $29.79.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 54,000 shares of company stock worth $1,492,740 in the last ninety days. Insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI traded up $0.32 during trading hours on Tuesday, reaching $28.18. 15,939,814 shares of the company traded hands, compared to its average volume of 13,986,465. The stock has a fifty day simple moving average of $27.21 and a 200 day simple moving average of $27.41. Kinder Morgan, Inc. has a fifty-two week low of $18.83 and a fifty-two week high of $31.48. The stock has a market capitalization of $62.62 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates 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, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 4.15%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

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.