Uncommon Cents Investing LLC Sells 885 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Uncommon Cents Investing LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 55,015 shares of the pipeline company’s stock after selling 885 shares during the period. Uncommon Cents Investing LLC’s holdings in Kinder Morgan were worth $1,570,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of KMI. Brighton Jones LLC bought a new stake in Kinder Morgan during the 4th quarter worth about $308,000. Global Retirement Partners LLC grew its position in shares of Kinder Morgan by 4.0% during the 4th quarter. Global Retirement Partners LLC now owns 23,729 shares of the pipeline company’s stock worth $650,000 after buying an additional 916 shares during the period. Private Advisor Group LLC raised its stake in shares of Kinder Morgan by 4.8% during the fourth quarter. Private Advisor Group LLC now owns 179,054 shares of the pipeline company’s stock worth $4,906,000 after buying an additional 8,273 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Finally, Pinnacle Financial Partners Inc boosted its stake in Kinder Morgan by 2.8% in the fourth quarter. Pinnacle Financial Partners Inc now owns 67,744 shares of the pipeline company’s stock valued at $1,839,000 after acquiring an additional 1,824 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $28.01 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. Kinder Morgan, Inc. has a 52 week low of $19.47 and a 52 week high of $31.48. The company’s 50 day moving average price is $27.44 and its two-hundred day moving average price is $27.43. The company has a market capitalization of $62.23 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.18%. 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 payout ratio is 100.86%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total value of $496,260.00. Following the sale, the president now owns 789,652 shares in the company, valued at approximately $21,770,705.64. The trade was a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 54,000 shares of company stock valued at $1,522,440 over the last three months. Company insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Scotiabank upped their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Thursday, June 5th. Wells Fargo & Company reiterated an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. Royal Bank Of Canada raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 29th. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $30.21.

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.