MV Capital Management Inc. Sells 659 Shares of Kinder Morgan, Inc. (NYSE:KMI)

MV Capital Management Inc. reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 29.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,565 shares of the pipeline company’s stock after selling 659 shares during the quarter. MV Capital Management Inc.’s holdings in Kinder Morgan were worth $45,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. Barclays upgraded 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 research note on Monday, March 3rd. JPMorgan Chase & Co. raised their price objective 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. Scotiabank boosted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 5th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.21.

Kinder Morgan Stock Up 0.5%

Shares of NYSE:KMI opened at $27.52 on Thursday. Kinder Morgan, Inc. has a 1 year low of $19.47 and a 1 year high of $31.48. The company has a market capitalization of $61.14 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The business has a fifty day moving average price of $27.18 and a two-hundred day moving average price of $27.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last posted 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. 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%. Analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.2925 dividend. This is an increase 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 yield of 4.25%. Kinder Morgan’s dividend payout ratio is presently 100.86%.

Insider Buying and Selling 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 stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the transaction, the president now owns 789,652 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 54,000 shares of company stock valued at $1,522,440. Company insiders own 12.73% of the company’s stock.

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.