OneDigital Investment Advisors LLC Sells 21,714 Shares of Kinder Morgan, Inc. (NYSE:KMI)

OneDigital Investment Advisors LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 44.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,700 shares of the pipeline company's stock after selling 21,714 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Kinder Morgan were worth $762,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hurley Capital LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth about $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan in the fourth quarter worth about $27,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter valued at approximately $29,000. Finally, JNBA Financial Advisors raised 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 valued at $29,000 after purchasing an additional 870 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $28.15 on Wednesday. The stock has a market cap of $62.55 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. The stock has a 50 day moving average price of $27.85 and a 200-day moving average price of $27.57. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.16%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is presently 100.86%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays reissued an "overweight" rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Stifel Nicolaus lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Morgan Stanley set a $34.00 price target on Kinder Morgan in a report on Monday. Finally, Scotiabank raised their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $30.40.

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.

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