Motley Fool Asset Management LLC Sells 2,172 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Motley Fool Asset Management LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,289 shares of the pipeline company’s stock after selling 2,172 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Kinder Morgan were worth $1,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. HYA Advisors Inc boosted its stake in Kinder Morgan by 1.5% in the 1st quarter. HYA Advisors Inc now owns 99,092 shares of the pipeline company’s stock worth $1,874,000 after purchasing an additional 1,504 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Kinder Morgan by 0.4% during the fourth quarter. Alliancebernstein L.P. now owns 2,916,355 shares of the pipeline company’s stock worth $46,253,000 after buying an additional 12,278 shares in the last quarter. Glassy Mountain Advisors Inc. raised its position in Kinder Morgan by 30.2% in the 1st quarter. Glassy Mountain Advisors Inc. now owns 45,636 shares of the pipeline company’s stock valued at $863,000 after buying an additional 10,590 shares during the last quarter. Norges Bank bought a new stake in Kinder Morgan in the 4th quarter valued at approximately $243,159,000. Finally, Trust Investment Advisors boosted its position in Kinder Morgan by 14.1% during the 1st quarter. Trust Investment Advisors now owns 40,939 shares of the pipeline company’s stock worth $774,000 after acquiring an additional 5,066 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on KMI shares. Barclays cut their price objective on shares of Kinder Morgan from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. UBS Group increased their price objective on shares of Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Wolfe Research downgraded Kinder Morgan from a “peer perform” rating to an “underperform” rating and lifted their target price for the company from $17.00 to $18.00 in a research report on Monday, April 11th. Morgan Stanley raised their price target on Kinder Morgan from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, April 20th. Finally, Wells Fargo & Company lowered their price target on Kinder Morgan to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, May 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Hold” and a consensus price target of $21.14.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $18.06 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.38 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $40.95 billion, a P/E ratio of 16.88, a P/E/G ratio of 5.19 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $15.01 and a 12 month high of $20.20. The stock has a 50 day moving average of $17.88 and a 200-day moving average of $18.06.

Kinder Morgan (NYSE:KMIGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The firm’s revenue for the quarter was up 63.5% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.16 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be issued a $0.2775 dividend. The ex-dividend date is Friday, July 29th. This represents a $1.11 dividend on an annualized basis and a yield of 6.15%. Kinder Morgan’s payout ratio is 103.74%.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 3,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $18.00, for a total transaction of $54,000.00. Following the transaction, the vice president now owns 28,719 shares in the company, valued at approximately $516,942. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total value of $28,815.00. Following the transaction, the vice president now owns 31,719 shares of the company’s stock, valued at $609,321.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 3,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the completion of the transaction, the vice president now directly owns 28,719 shares in the company, valued at $516,942. The disclosure for this sale can be found here. Insiders own 12.51% of the company’s stock.

Kinder Morgan Profile

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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