United Advisor Group LLC Lowers Stake in Kinder Morgan, Inc. (NYSE:KMI)

United Advisor Group LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 36.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,227 shares of the pipeline company's stock after selling 12,015 shares during the quarter. United Advisor Group LLC's holdings in Kinder Morgan were worth $606,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMI. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $25,000. Hurley Capital LLC bought a new stake in Kinder Morgan during the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan in the fourth quarter worth about $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan in the fourth quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

NYSE KMI opened at $27.57 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $61.25 billion, a P/E ratio of 23.76, a PEG ratio of 3.03 and a beta of 0.74. The company has a 50-day moving average price of $27.41 and a 200-day moving average price of $27.43. Kinder Morgan, Inc. has a 52 week low of $19.47 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.24%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is currently 100.86%.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Royal Bank Of Canada boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a research report on Monday, March 3rd. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus price target of $30.21.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total value 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 represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 54,000 shares of company stock valued at $1,522,440 over the last quarter. 12.73% of the stock is currently owned by company insiders.

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.

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.