Capital Analysts LLC Sells 28,635 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Capital Analysts LLC reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,438 shares of the pipeline company's stock after selling 28,635 shares during the quarter. Capital Analysts LLC's holdings in Kinder Morgan were worth $3,355,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KMI. Barclays PLC increased its holdings in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Kinder Morgan during the third quarter valued at approximately $826,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Kinder Morgan during the third quarter valued at approximately $386,000. Blankinship & Foster LLC increased its holdings in shares of Kinder Morgan by 128.4% during the third quarter. Blankinship & Foster LLC now owns 46,900 shares of the pipeline company's stock valued at $1,036,000 after acquiring an additional 26,363 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of Kinder Morgan by 1.7% during the third quarter. Synovus Financial Corp now owns 103,618 shares of the pipeline company's stock valued at $2,289,000 after acquiring an additional 1,769 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. This trade represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 over the last quarter. Corporate insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KMI shares. Mizuho boosted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Seven research 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.71.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.13 during trading hours on Tuesday, hitting $27.20. The company's stock had a trading volume of 10,926,002 shares, compared to its average volume of 13,942,267. The company has a market cap of $60.44 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The business has a 50 day simple moving average of $26.96 and a two-hundred day simple moving average of $27.08. Kinder Morgan, Inc. has a 52-week low of $18.13 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its 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. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.30%. Kinder Morgan's dividend payout ratio (DPR) is presently 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.