New England Asset Management Inc. Sells 28,945 Shares of Kinder Morgan, Inc. (NYSE:KMI)

New England Asset Management Inc. trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,345 shares of the pipeline company's stock after selling 28,945 shares during the period. New England Asset Management Inc.'s holdings in Kinder Morgan were worth $3,845,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at $25,000. Hurley Capital LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at $25,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at $29,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock valued at $30,000 after buying an additional 703 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded up $0.09 during trading on Friday, reaching $28.09. 12,398,816 shares of the stock traded hands, compared to its average volume of 13,983,541. The company has a market capitalization of $62.41 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 3.08 and a beta of 0.74. The business has a fifty day simple moving average of $27.12 and a two-hundred day simple moving average of $27.26. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 52-week low of $18.83 and a 52-week high of $31.48.

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

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.2925 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.17%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KMI shares. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Citigroup raised their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.79.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction 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. The trade was a 2.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock worth $3,503,776. Corporate 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.