IHT Wealth Management LLC Trims Holdings in Kinder Morgan, Inc. (NYSE:KMI)

IHT Wealth Management LLC lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,706 shares of the pipeline company's stock after selling 13,866 shares during the quarter. IHT Wealth Management LLC's holdings in Kinder Morgan were worth $1,033,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KMI. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the 4th quarter valued at about $25,000. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $25,000. Hurley Capital LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter valued at approximately $29,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.10 during trading hours on Monday, reaching $26.75. The stock had a trading volume of 2,902,960 shares, compared to its average volume of 14,865,946. Kinder Morgan, Inc. has a twelve month low of $18.13 and a twelve month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $59.44 billion, a PE ratio of 22.86, a PEG ratio of 3.08 and a beta of 0.72. The stock's 50 day moving average is $26.94 and its 200 day moving average is $27.06.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is presently 100.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays raised shares of 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. Mizuho raised their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Scotiabank upped their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Monday, April 21st. Morgan Stanley lifted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares in the company, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock worth $3,506,116. Company insiders own 12.73% of the company's stock.

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.