KMG Fiduciary Partners LLC Sells 29,985 Shares of Kinder Morgan, Inc. (NYSE:KMI)

KMG Fiduciary Partners LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 22.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 105,503 shares of the pipeline company's stock after selling 29,985 shares during the period. KMG Fiduciary Partners LLC's holdings in Kinder Morgan were worth $3,010,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Xponance Inc. grew its holdings in shares of Kinder Morgan by 5.2% during the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock valued at $8,303,000 after purchasing an additional 15,114 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in Kinder Morgan by 2.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock worth $62,062,000 after buying an additional 44,474 shares during the last quarter. Chung Wu Investment Group LLC acquired a new stake in Kinder Morgan in the fourth quarter worth $385,000. KLP Kapitalforvaltning AS bought a new stake in Kinder Morgan in the fourth quarter valued at $21,774,000. Finally, Bridgewealth Advisory Group LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $377,000. Institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent research reports. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. 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. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.21.

Kinder Morgan Price Performance

Shares of KMI traded down $0.60 during midday trading on Monday, reaching $27.54. The stock had a trading volume of 12,884,267 shares, compared to its average volume of 13,990,491. 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 $61.20 billion, a P/E ratio of 23.54, a P/E/G ratio of 3.08 and a beta of 0.74. The firm's 50 day moving average price is $27.17 and its 200-day moving average price is $27.45. Kinder Morgan, Inc. has a 52 week low of $19.47 and a 52 week high of $31.48.

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, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.25%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's payout ratio is presently 100.86%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was 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 owns 789,652 shares of the company's stock, valued at $21,770,705.64. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have sold 54,000 shares of company stock worth $1,522,440. Corporate 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.