Snowden Capital Advisors LLC Decreases Position in Kinder Morgan, Inc. (NYSE:KMI)

Snowden Capital Advisors LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 55.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 98,168 shares of the pipeline company's stock after selling 123,632 shares during the period. Snowden Capital Advisors LLC's holdings in Kinder Morgan were worth $2,690,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KMI. CX Institutional raised its holdings in shares of Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock worth $429,000 after buying an additional 354 shares during the period. Diligent Investors LLC grew its holdings in Kinder Morgan by 1.5% during the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after acquiring an additional 381 shares in the last quarter. Bristlecone Advisors LLC increased its holdings in Kinder Morgan by 2.6% during the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock valued at $433,000 after buying an additional 400 shares during the period. LRI Investments LLC raised its position in shares of Kinder Morgan by 9.6% in the 4th quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock worth $136,000 after acquiring an additional 435 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its position in shares of Kinder Morgan by 0.5% in the 4th quarter. Apollon Wealth Management LLC now owns 86,430 shares of the pipeline company's stock worth $2,368,000 after acquiring an additional 438 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Citigroup raised their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, Mizuho upped their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $29.79.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. This trade represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 54,000 shares of company stock valued at $1,492,740 over the last three months. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Trading Down 1.8%

NYSE:KMI traded down $0.51 on Wednesday, hitting $27.47. The stock had a trading volume of 11,806,722 shares, compared to its average volume of 13,961,743. Kinder Morgan, Inc. has a 1-year low of $18.83 and a 1-year high of $31.48. The stock has a market cap of $61.05 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 3.08 and a beta of 0.74. The company has a fifty day moving average price of $27.21 and a two-hundred day moving average price of $27.35. 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 released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 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 company had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.2925 dividend. The ex-dividend date was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.26%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

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.