Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 49.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,131 shares of the pipeline company’s stock after selling 9,872 shares during the period. Balboa Wealth Partners’ holdings in Kinder Morgan were worth $289,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Southern Capital Advisors LLC boosted its holdings in Kinder Morgan by 14.9% in the first quarter. Southern Capital Advisors LLC now owns 10,775 shares of the pipeline company’s stock worth $307,000 after acquiring an additional 1,400 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Kinder Morgan by 9.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 996,681 shares of the pipeline company’s stock worth $28,435,000 after purchasing an additional 84,771 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Kinder Morgan by 7.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 458,117 shares of the pipeline company’s stock worth $13,070,000 after purchasing an additional 32,804 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Kinder Morgan by 21.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 109,874 shares of the pipeline company’s stock valued at $3,135,000 after purchasing an additional 19,775 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of Kinder Morgan by 12.1% in the first quarter. Continuum Advisory LLC now owns 10,597 shares of the pipeline company’s stock worth $302,000 after buying an additional 1,143 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction 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 completion of the transaction, the president now directly owns 771,652 shares of the company’s stock, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 54,000 shares of company stock valued at $1,522,440 over the last 90 days. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 1.7%

KMI stock opened at $28.57 on Wednesday. Kinder Morgan, Inc. has a one year low of $19.47 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. The firm’s fifty day moving average is $27.50 and its 200 day moving average is $27.44. The firm has a market cap of $63.49 billion, a PE ratio of 24.63, a P/E/G ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.02 billion. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.2925 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.09%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.86%.

Analyst Ratings Changes

KMI has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, June 3rd. Scotiabank boosted 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. Barclays raised their price objective on Kinder Morgan from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday. Royal Bank Of Canada increased their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 29th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.29.

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.