OneDigital Investment Advisors LLC Has $762,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

OneDigital Investment Advisors LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 44.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,700 shares of the pipeline company's stock after selling 21,714 shares during the period. OneDigital Investment Advisors LLC's holdings in Kinder Morgan were worth $762,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Kinder Morgan by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares during the period. Geode Capital Management LLC grew its position in Kinder Morgan by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after acquiring an additional 1,252,609 shares during the last quarter. Norges Bank bought a new position in Kinder Morgan in the fourth quarter valued at about $917,523,000. Northern Trust Corp grew its position in Kinder Morgan by 8.3% in the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after acquiring an additional 1,608,499 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Kinder Morgan by 16.8% in the fourth quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after acquiring an additional 2,116,576 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Trading Down 1.3%

Shares of NYSE:KMI traded down $0.35 during midday trading on Thursday, hitting $27.45. 3,388,875 shares of the stock were exchanged, compared to its average volume of 13,929,108. The stock has a market capitalization of $60.99 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 3.09 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 business's 50-day moving average price is $27.88 and its 200 day moving average price is $27.57. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48.

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

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.2925 dividend. 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 dividend yield of 4.26%. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's payout ratio is currently 100.86%.

Analyst Ratings Changes

A number of research analysts have issued reports on KMI shares. 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 report on Tuesday, May 6th. Barclays reiterated an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Cowen started coverage on Kinder Morgan in a research report on Monday. They issued a "buy" rating on the stock. Scotiabank lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.40.

Insider Activity at Kinder Morgan

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

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.