Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,346 shares of the pipeline company’s stock after selling 13,634 shares during the quarter. Dakota Wealth Management’s holdings in Kinder Morgan were worth $7,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Morton Capital Management LLC CA lifted its holdings in Kinder Morgan by 1.0% in the 1st quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock worth $1,084,000 after buying an additional 377 shares in the last quarter. Diligent Investors LLC lifted its holdings in Kinder Morgan by 1.5% in the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company’s stock worth $715,000 after buying an additional 381 shares in the last quarter. Signaturefd LLC lifted its holdings in Kinder Morgan by 1.8% in the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock worth $601,000 after buying an additional 381 shares in the last quarter. Aspiriant LLC lifted its holdings in Kinder Morgan by 1.7% in the 1st quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company’s stock worth $677,000 after buying an additional 396 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its holdings in Kinder Morgan by 0.5% in the 1st quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company’s stock worth $2,277,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on KMI shares. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a report on Monday, July 7th. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, June 3rd. Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating for the company. Royal Bank Of Canada boosted their target price 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. Finally, Barclays reissued an “overweight” rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $30.40.

Kinder Morgan Stock Up 0.2%

KMI stock opened at $27.85 on Monday. Kinder Morgan, Inc. has a 52-week low of $19.68 and a 52-week high of $31.48. The company’s 50 day simple moving average is $27.93 and its 200-day simple moving average is $27.59. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The firm has a market capitalization of $61.88 billion, a P/E ratio of 24.01, a P/E/G ratio of 3.00 and a beta of 0.75.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (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 analyst estimates of $4.02 billion. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.20%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is currently 100.86%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the transaction, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.73% of the company’s stock.

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.