Stablepoint Partners LLC Cuts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Stablepoint Partners LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 14.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,931 shares of the pipeline company's stock after selling 28,939 shares during the period. Stablepoint Partners LLC's holdings in Kinder Morgan were worth $5,048,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KMI. Hurley Capital LLC purchased a new position in Kinder Morgan in the 4th quarter valued at approximately $25,000. Centricity Wealth Management LLC purchased a new position in Kinder Morgan in the 4th quarter valued at approximately $25,000. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan in the 4th quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new position in Kinder Morgan in the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter valued at approximately $29,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $28.21 on Friday. The company's fifty day moving average is $27.18 and its two-hundred day moving average is $27.46. 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, Inc. has a 12-month low of $19.47 and a 12-month high of $31.48. The company has a market cap of $62.67 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Equities 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.15%. 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 is presently 100.86%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now directly owns 807,652 shares of the company's stock, valued at approximately $23,219,995. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 54,000 shares of company stock valued at $1,522,440 over the last three months. 12.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday. Royal Bank of Canada increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a report on Monday, March 3rd. Finally, Scotiabank raised their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average target price of $30.21.

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.

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