Xponance Inc. Sells 9,198 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Xponance Inc. trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 293,846 shares of the pipeline company's stock after selling 9,198 shares during the period. Xponance Inc.'s holdings in Kinder Morgan were worth $8,383,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Kinder Morgan by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC raised its holdings in Kinder Morgan by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after acquiring an additional 1,252,609 shares in the last quarter. Norges Bank acquired a new position in Kinder Morgan in the 4th quarter valued at $917,523,000. Northern Trust Corp raised its holdings in Kinder Morgan by 8.3% in the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after acquiring an additional 1,608,499 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Kinder Morgan by 16.8% in the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after acquiring an additional 2,116,576 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on KMI. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research note on Monday, July 7th. Stifel Nicolaus lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating on the stock. Finally, Scotiabank boosted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.40.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares of the company's stock, valued at $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Trading Up 1.0%

Shares of KMI stock traded up $0.29 during trading hours on Monday, hitting $28.13. 7,265,536 shares of the company were exchanged, compared to its average volume of 13,918,996. The firm has a market cap of $62.50 billion, a P/E ratio of 24.23, a P/E/G ratio of 3.00 and a beta of 0.75. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. The company has a 50 day simple moving average of $27.93 and a two-hundred day simple moving average of $27.59.

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

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio is 100.86%.

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.