San Luis Wealth Advisors LLC Sells 10,164 Shares of Kinder Morgan, Inc. (NYSE:KMI)

San Luis Wealth Advisors LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 31.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,014 shares of the pipeline company's stock after selling 10,164 shares during the quarter. San Luis Wealth Advisors LLC's holdings in Kinder Morgan were worth $628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan during the 4th quarter worth about $25,000. Hurley Capital LLC purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $29,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the sale, the president now directly owns 789,652 shares of the company's stock, valued at approximately $21,770,705.64. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 54,000 shares of company stock valued at $1,522,440. 12.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Stifel Nicolaus upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Scotiabank upped their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Royal Bank of Canada upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.21.

Kinder Morgan Stock Up 0.1%

Shares of KMI opened at $27.66 on Tuesday. Kinder Morgan, Inc. has a 52-week low of $19.47 and a 52-week high of $31.48. The company has a market capitalization of $61.47 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The stock has a fifty day simple moving average of $27.33 and a two-hundred day simple moving average of $27.43. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. As a group, equities analysts forecast 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 given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

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.

Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.