Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,018 shares of the pipeline company’s stock after selling 3,633 shares during the period. Kinder Morgan makes up 1.2% of ARS Wealth Advisors Group LLC’s portfolio, making the stock its 28th biggest position. ARS Wealth Advisors Group LLC’s holdings in Kinder Morgan were worth $8,274,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $26,000. Morse Asset Management Inc acquired a new stake in Kinder Morgan during the 4th quarter valued at $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KMI. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Monday, March 3rd. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. Scotiabank raised their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.21.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total value of $496,260.00. Following the sale, the president now directly owns 789,652 shares in the company, valued at $21,770,705.64. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 54,000 shares of company stock worth $1,522,440 in the last ninety days. 12.73% of the stock is owned by insiders.

Kinder Morgan Trading Down 0.3%

Kinder Morgan stock opened at $28.15 on Friday. The firm’s 50-day moving average is $27.17 and its 200-day moving average is $27.46. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a 1 year low of $19.47 and a 1 year high of $31.48. The company has a market cap of $62.55 billion, a P/E ratio of 24.06, a PEG ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share 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 is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.86%.

About Kinder Morgan

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.