Lido Advisors LLC Decreases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Lido Advisors LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,683 shares of the pipeline company’s stock after selling 9,979 shares during the quarter. Lido Advisors LLC’s holdings in Kinder Morgan were worth $4,786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Xponance Inc. raised its stake in Kinder Morgan by 5.2% in the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock valued at $8,303,000 after buying an additional 15,114 shares during the last quarter. Principal Financial Group Inc. raised its stake in Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after buying an additional 71,984 shares during the last quarter. Golden State Equity Partners increased its holdings in shares of Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock valued at $450,000 after purchasing an additional 15,800 shares during the period. Royal London Asset Management Ltd. increased its holdings in shares of Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock valued at $62,062,000 after purchasing an additional 44,474 shares during the period. Finally, Barclays PLC increased its holdings in shares of Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.20 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a fifty day moving average of $26.96 and a two-hundred day moving average of $27.08. The stock has a market capitalization of $60.44 billion, a PE ratio of 23.25, a P/E/G ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a fifty-two week low of $18.13 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.30%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is 100.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KMI. Citigroup increased their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. UBS Group increased their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Mizuho boosted their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, 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. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.71.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 over the last three months. Insiders own 12.73% of the company’s stock.

Kinder Morgan 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.