Los Angeles Capital Management LLC Sells 92,296 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Los Angeles Capital Management LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 10.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 778,469 shares of the pipeline company's stock after selling 92,296 shares during the period. Los Angeles Capital Management LLC's holdings in Kinder Morgan were worth $22,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares during the period. Hurley Capital LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan during the 4th quarter worth $27,000. Finally, JNBA Financial Advisors increased its stake in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after buying an additional 870 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president directly owned 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KMI. TD Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating for the company. Scotiabank boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. boosted their price objective 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and an average target price of $31.00.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.34 during trading hours on Thursday, reaching $27.15. 6,669,986 shares of the company traded hands, compared to its average volume of 14,302,099. The stock's fifty day moving average is $27.97 and its 200 day moving average is $27.58. The stock has a market cap of $60.32 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 3.42 and a beta of 0.75. Kinder Morgan, Inc. has a 1-year low of $19.68 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.35 and a current ratio of 0.68.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's payout ratio is 95.90%.

About Kinder Morgan

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.