Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Annex Advisory Services LLC

by · The Cerbat Gem

Annex Advisory Services LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 14.7% in the first quarter, Holdings Channel reports. The firm owned 10,546 shares of the pipeline company’s stock after selling 1,813 shares during the period. Annex Advisory Services LLC’s holdings in Kinder Morgan were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Kinder Morgan by 15.9% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 31,051 shares of the pipeline company’s stock worth $886,000 after purchasing an additional 4,254 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in Kinder Morgan during the 1st quarter worth about $203,000. Contravisory Investment Management Inc. lifted its position in Kinder Morgan by 13.7% during the 1st quarter. Contravisory Investment Management Inc. now owns 12,617 shares of the pipeline company’s stock worth $360,000 after acquiring an additional 1,520 shares during the period. Clarus Wealth Advisors acquired a new stake in Kinder Morgan during the 1st quarter worth about $244,000. Finally, Silverberg Bernstein Capital Management LLC lifted its position in Kinder Morgan by 2.4% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 43,117 shares of the pipeline company’s stock worth $1,230,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $28.21 on Friday. The stock has a 50-day simple moving average of $27.18 and a two-hundred day simple moving average of $27.46. The firm has a market capitalization of $62.67 billion, a P/E ratio of 24.11, a PEG ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a fifty-two week low of $19.47 and a fifty-two week high of $31.48. 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 (NYSE:KMI – Get Free Report) last announced 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 firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. On average, equities analysts forecast 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. Investors of record on Wednesday, April 30th were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is currently 100.86%.

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, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now owns 807,652 shares in the company, valued at $23,219,995. The trade was a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 54,000 shares of company stock worth $1,522,440 in the last 90 days. Corporate insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Scotiabank lifted their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Thursday. Royal Bank of Canada lifted their price target 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. Stifel Nicolaus lifted 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. Finally, Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Seven 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.21.

Check Out Our Latest Stock Report on KMI

About Kinder Morgan

(Free Report)

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.

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