Alpha Omega Wealth Management LLC Cuts Position in Kinder Morgan, Inc. (NYSE:KMI)

Alpha Omega Wealth Management LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 40.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,291 shares of the pipeline company’s stock after selling 59,562 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Kinder Morgan were worth $2,519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hurley Capital LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth about $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $29,000. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total value of $496,260.00. Following the transaction, the president now owns 789,652 shares of the company’s stock, valued at $21,770,705.64. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 54,000 shares of company stock valued at $1,522,440. Insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Stifel Nicolaus boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Monday, March 3rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. Finally, Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $30.21.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.40 on Wednesday. Kinder Morgan, Inc. has a 12-month low of $19.47 and a 12-month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $60.87 billion, a P/E ratio of 23.41, a P/E/G ratio of 3.08 and a beta of 0.74. The stock has a 50-day moving average price of $27.14 and a 200 day moving average price of $27.45.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.2925 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is 100.86%.

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.