Sterling Investment Advisors Ltd. Decreases Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Sterling Investment Advisors Ltd. reduced its stake in Kinder Morgan, Inc. by 4.2%, holding 455,766 shares after selling 20,217 shares, which represents approximately 3.2% of its investment portfolio.
• Kinder Morgan recently reported $4.04 billion in quarterly revenue, surpassing estimates, and had a net margin of 17.06%.
• The company declared a quarterly dividend of $0.2925, resulting in an annualized dividend of $1.17 and a yield of 4.27%.

Sterling Investment Advisors Ltd. cut its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 455,766 shares of the pipeline company's stock after selling 20,217 shares during the period. Kinder Morgan accounts for about 3.2% of Sterling Investment Advisors Ltd.'s investment portfolio, making the stock its 3rd biggest position. Sterling Investment Advisors Ltd.'s holdings in Kinder Morgan were worth $13,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of KMI. Hurley Capital LLC bought a new position in Kinder Morgan in the fourth quarter valued at about $25,000. Sierra Ocean LLC lifted its position 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 during the period. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the 4th quarter valued at about $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $29,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president directly owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

NYSE KMI opened at $27.40 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.35 and a current ratio of 0.68. Kinder Morgan, Inc. has a 52-week low of $19.68 and a 52-week high of $31.48. The business has a 50 day simple moving average of $27.95 and a 200 day simple moving average of $27.57. The stock has a market cap of $60.89 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 3.48 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $4.04 billion during 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 in the prior year, the firm earned $0.26 earnings per share. Analysts anticipate 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. Stockholders of record on Thursday, July 31st will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.27%. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research note on Friday. Stifel Nicolaus raised their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. Finally, Wells Fargo & Company boosted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

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.

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