OneDigital Investment Advisors LLC trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 44.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Hurley Capital LLC acquired a new stake in Kinder Morgan during the 4th quarter worth $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. JNBA Financial Advisors increased its holdings 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 acquiring an additional 870 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter valued at about $29,000. 62.52% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling 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 owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 12.73% of the company's stock.
Kinder Morgan Stock Performance
Shares of NYSE:KMI traded up $0.06 on Friday, reaching $27.85. 11,254,490 shares of the company's stock were exchanged, compared to its average volume of 13,967,490. The business's 50-day moving average is $27.91 and its two-hundred day moving average is $27.58. The firm has a market capitalization of $61.88 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 2.99 and a beta of 0.75. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48.
Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.
Kinder Morgan Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.20%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on KMI shares. JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research report on Monday. Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday. They set a "buy" rating on the stock. Finally, Stifel Nicolaus boosted 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. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus price target of $30.40.
Read Our Latest Report on KMI
Kinder Morgan Profile
(
Free Report)
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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