Hennion & Walsh Asset Management Inc. Sells 3,067 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Hennion & Walsh Asset Management Inc. cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,333 shares of the pipeline company’s stock after selling 3,067 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Kinder Morgan were worth $1,537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KMI. Stokes Capital Advisors LLC raised its holdings in shares of Kinder Morgan by 1.5% during the second quarter. Stokes Capital Advisors LLC now owns 152,794 shares of the pipeline company’s stock valued at $3,036,000 after purchasing an additional 2,215 shares during the last quarter. Raymond James & Associates raised its stake in Kinder Morgan by 3.7% during the 2nd quarter. Raymond James & Associates now owns 4,397,883 shares of the pipeline company’s stock valued at $87,386,000 after buying an additional 158,435 shares during the last quarter. Hedeker Wealth LLC lifted its holdings in shares of Kinder Morgan by 15.9% during the 2nd quarter. Hedeker Wealth LLC now owns 166,927 shares of the pipeline company’s stock valued at $3,317,000 after buying an additional 22,958 shares during the period. Hoxton Planning & Management LLC boosted its stake in shares of Kinder Morgan by 17.4% in the 2nd quarter. Hoxton Planning & Management LLC now owns 17,171 shares of the pipeline company’s stock worth $341,000 after buying an additional 2,542 shares during the last quarter. Finally, Accordant Advisory Group Inc grew its holdings in shares of Kinder Morgan by 1.6% in the second quarter. Accordant Advisory Group Inc now owns 78,755 shares of the pipeline company’s stock worth $1,565,000 after acquiring an additional 1,240 shares during the period. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays increased their target price on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Royal Bank of Canada increased their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, July 19th. Finally, Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.11.

Insider Transactions at Kinder Morgan

In other news, VP Dax Sanders sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,311 shares of company stock valued at $4,109,391. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI traded up $0.24 during mid-day trading on Monday, reaching $21.32. The company’s stock had a trading volume of 5,080,618 shares, compared to its average volume of 14,065,923. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $21.86. The stock has a fifty day moving average of $20.43 and a two-hundred day moving average of $18.99. The firm has a market capitalization of $47.32 billion, a PE ratio of 19.36, a P/E/G ratio of 2.92 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.39%. Kinder Morgan’s payout ratio is 104.55%.

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.