Disciplined Equity Management Inc. Has $1.20 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Disciplined Equity Management Inc. decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 25.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 41,890 shares of the pipeline company’s stock after selling 14,170 shares during the period. Kinder Morgan comprises 0.8% of Disciplined Equity Management Inc.’s holdings, making the stock its 15th biggest position. Disciplined Equity Management Inc.’s holdings in Kinder Morgan were worth $1,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC grew its position in Kinder Morgan by 20.6% during the first quarter. Park Avenue Securities LLC now owns 84,552 shares of the pipeline company’s stock worth $2,412,000 after buying an additional 14,448 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of Kinder Morgan by 6.5% during the 1st quarter. OLD National Bancorp IN now owns 445,335 shares of the pipeline company’s stock valued at $12,705,000 after acquiring an additional 27,075 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of Kinder Morgan by 6.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 12,215 shares of the pipeline company’s stock valued at $348,000 after acquiring an additional 729 shares during the period. Charter Oak Capital Management LLC bought a new position in Kinder Morgan in the 1st quarter valued at about $217,000. Finally, Wedmont Private Capital increased its stake in Kinder Morgan by 1.9% in the first quarter. Wedmont Private Capital now owns 34,469 shares of the pipeline company’s stock valued at $912,000 after acquiring an additional 655 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.3%

NYSE:KMI opened at $28.15 on Friday. 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 current ratio of 0.49 and a quick ratio of 0.39. The company has a market cap of $62.55 billion, a PE ratio of 24.06, a P/E/G ratio of 3.08 and a beta of 0.74. The firm’s 50 day simple moving average is $27.17 and its 200 day simple moving average is $27.46.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.16%. Kinder Morgan’s dividend payout ratio is presently 100.86%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the sale, the president now directly owns 789,652 shares in the company, valued at $21,770,705.64. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 54,000 shares of company stock worth $1,522,440 over the last ninety days. 12.73% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on KMI. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Royal Bank of Canada upped their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Stifel Nicolaus boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Finally, Scotiabank raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $30.21.

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.