Uncommon Cents Investing LLC Sells 885 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Uncommon Cents Investing LLC decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,015 shares of the pipeline company’s stock after selling 885 shares during the period. Uncommon Cents Investing LLC’s holdings in Kinder Morgan were worth $1,570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KMI. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the fourth quarter worth $26,000. Morse Asset Management Inc bought a new stake in Kinder Morgan during the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KMI shares. Barclays upgraded 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 research note on Monday, March 3rd. Stifel Nicolaus boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, June 3rd. 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. Royal Bank Of Canada boosted 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. Finally, Scotiabank increased their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, June 5th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.21.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the transaction, the president now owns 789,652 shares in the company, valued at $21,770,705.64. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 54,000 shares of company stock worth $1,522,440. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $28.01 on Monday. 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 business has a fifty day simple moving average of $27.44 and a 200 day simple moving average of $27.43. Kinder Morgan, Inc. has a 1 year low of $19.47 and a 1 year high of $31.48. The company has a market capitalization of $62.23 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last announced its 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 company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.18%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan’s payout ratio is presently 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.