Steigerwald Gordon & Koch Inc. Sells 4,094 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Steigerwald Gordon & Koch Inc. decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 665,755 shares of the pipeline company’s stock after selling 4,094 shares during the period. Kinder Morgan makes up approximately 2.1% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 23rd biggest position. Steigerwald Gordon & Koch Inc.’s holdings in Kinder Morgan were worth $18,994,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KMI. Centricity Wealth Management LLC bought a new position in Kinder Morgan in the 4th quarter worth about $25,000. Hurley Capital LLC bought a new position in Kinder Morgan during the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC bought a new position in Kinder Morgan during the 4th quarter valued at about $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan during the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC bought a new position in Kinder Morgan during the 4th quarter valued at about $29,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $28.06 on Thursday. The firm’s 50 day moving average price is $27.19 and its 200-day moving average price is $27.46. The stock has a market capitalization of $62.35 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a twelve month low of $19.47 and a twelve month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $4.24 billion during 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%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.17%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is currently 100.86%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total value of $496,260.00. Following the completion of the sale, the president now directly owns 789,652 shares of the company’s stock, valued at approximately $21,770,705.64. This represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research analyst reports. Royal Bank of Canada upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 29th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. Finally, Wells Fargo & Company reiterated 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.14.

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.