Penn Davis Mcfarland Inc. Trims Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Penn Davis Mcfarland Inc. reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,775,078 shares of the pipeline company's stock after selling 21,258 shares during the period. Kinder Morgan comprises approximately 6.0% of Penn Davis Mcfarland Inc.'s portfolio, making the stock its 3rd biggest position. Penn Davis Mcfarland Inc. owned about 0.08% of Kinder Morgan worth $50,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hurley Capital LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $26,000. Morse Asset Management Inc purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after buying an additional 703 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of several research analyst reports. 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 note on Tuesday, May 6th. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. 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 note on Tuesday, June 3rd. Royal Bank Of Canada upped their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Finally, 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 note on Thursday, June 5th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.29.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded up $0.09 during trading on Friday, hitting $28.98. The stock had a trading volume of 17,105,604 shares, compared to its average volume of 14,059,467. The firm has a market cap of $64.38 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 3.17 and a beta of 0.74. Kinder Morgan, Inc. has a 12 month low of $19.47 and a 12 month high of $31.48. The business's 50-day moving average is $27.60 and its 200 day moving average is $27.47. 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 released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share 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 $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.04%. 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 dividend payout ratio is currently 100.86%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the transaction, the president now owns 807,652 shares of the company's stock, valued at $23,219,995. This represents a 2.18% 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. Insiders have sold a total of 54,000 shares of company stock valued at $1,522,440 over the last 90 days. 12.73% of the stock is owned by insiders.

Kinder Morgan Company 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.