World Investment Advisors Trims Holdings in Kinder Morgan, Inc. (NYSE:KMI)

World Investment Advisors decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 21.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,629 shares of the pipeline company's stock after selling 15,348 shares during the quarter. World Investment Advisors' holdings in Kinder Morgan were worth $1,644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hurley Capital LLC bought a new stake in Kinder Morgan in the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan during the 4th quarter valued at $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan during the fourth quarter worth $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at $29,000. Finally, JNBA Financial Advisors grew its holdings in shares of Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after buying an additional 870 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the transaction, the president owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.73% of the company's stock.

Wall Street Analyst Weigh In

KMI has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Cowen started coverage on shares of Kinder Morgan in a research report on Monday. They set a "buy" rating on the stock. Barclays restated an "overweight" rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.40.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded down $0.18 on Tuesday, hitting $28.15. The company's stock had a trading volume of 14,130,187 shares, compared to its average volume of 14,173,713. The company has a 50-day simple moving average of $27.83 and a 200 day simple moving average of $27.57. The company has a market capitalization of $62.55 billion, a PE ratio of 24.27, a PEG ratio of 3.12 and a beta of 0.75. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1 year low of $19.68 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $4.02 billion. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. 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 annualized dividend and a dividend yield of 4.16%. Kinder Morgan's payout ratio is 100.86%.

Kinder Morgan 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.