Oxbow Advisors LLC Sells 667 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Oxbow Advisors LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 189,245 shares of the pipeline company’s stock after selling 667 shares during the quarter. Oxbow Advisors LLC’s holdings in Kinder Morgan were worth $5,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Hurley Capital LLC bought a new stake in Kinder Morgan in the 4th quarter worth approximately $25,000. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan in the 4th quarter worth approximately $26,000. Morse Asset Management Inc bought a new stake in Kinder Morgan in the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter worth approximately $29,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.2%

Shares of NYSE:KMI opened at $27.85 on Friday. Kinder Morgan, Inc. has a 52-week low of $19.68 and a 52-week high of $31.48. The stock has a market cap of $61.88 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 3.00 and a beta of 0.75. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $27.93 and a 200-day moving average price of $27.58.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

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

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s 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 sale, the president directly owned 771,652 shares of the company’s stock, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 29th. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research report on Monday, July 7th. TD Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. Barclays reissued an “overweight” rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, Stifel Nicolaus upped their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.40.

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.