Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC reduced its holdings in shares of 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 Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hurley Capital LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan during the fourth quarter valued at $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at $29,000. Finally, JNBA Financial Advisors increased its position in Kinder Morgan by 669.2% during the first 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 during the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.0%

Shares of NYSE:KMI traded up $0.01 on Thursday, reaching $27.81. The company had a trading volume of 11,760,202 shares, compared to its average volume of 13,978,342. Kinder Morgan, Inc. has a 52-week low of $19.68 and a 52-week high of $31.48. The firm's 50 day simple moving average is $27.88 and its 200-day simple moving average is $27.57. The firm has a market capitalization of $61.80 billion, a PE ratio of 23.97, a PEG ratio of 2.99 and a beta of 0.75. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

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

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is 100.86%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KMI. Stifel Nicolaus upped their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Scotiabank upped their price objective 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. Cowen began coverage on Kinder Morgan in a research report on Monday. They set a "buy" rating for the company. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.40.

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.