Sfmg LLC Lowers Stake in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Sfmg LLC has reduced its holdings in Kinder Morgan, Inc. by 44.2% in the first quarter, leaving them with 93,641 shares valued at approximately $2.67 million.
• Insider transactions include President Thomas A. Martin selling 18,000 shares for $508,680, while Director Amy W. Chronis purchased 2,759 shares at an average price of $27.21.
• Equities analysts have a consensus rating of "Moderate Buy" for Kinder Morgan, with a price target of around $31.13.

Sfmg LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 44.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 93,641 shares of the pipeline company's stock after selling 74,153 shares during the quarter. Sfmg LLC's holdings in Kinder Morgan were worth $2,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hurley Capital LLC bought a new stake in Kinder Morgan during the 4th quarter valued at about $25,000. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan during the 4th quarter valued at about $26,000. Morse Asset Management Inc bought a new stake in Kinder Morgan during the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter valued at about $29,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.03 on Thursday, reaching $26.78. The company's stock had a trading volume of 17,704,609 shares, compared to its average volume of 14,671,005. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The stock has a market capitalization of $59.50 billion, a P/E ratio of 21.95, a PEG ratio of 3.53 and a beta of 0.78. The stock's 50 day simple moving average is $27.94 and its two-hundred day simple moving average is $27.51. Kinder Morgan, Inc. has a 12-month low of $20.56 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 earnings per share. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.4%. Kinder Morgan's payout ratio is currently 95.90%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the transaction, the chief financial officer owned 159,428 shares of the company's stock, valued at $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,715 shares of company stock valued at $3,081,245. 12.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. Barclays restated an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Finally, Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Friday, July 25th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

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.