Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,018 shares of the pipeline company’s stock after selling 3,633 shares during the quarter. Kinder Morgan makes up approximately 1.2% of ARS Wealth Advisors Group LLC’s portfolio, making the stock its 28th largest holding. ARS Wealth Advisors Group LLC’s holdings in Kinder Morgan were worth $8,274,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $29,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction 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 transaction, the president now owns 789,652 shares of the company’s stock, valued at approximately $21,770,705.64. This trade represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 54,000 shares of company stock valued at $1,522,440. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.15 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a market cap of $62.55 billion, a P/E ratio of 24.06, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a fifty-two week low of $19.47 and a fifty-two week high of $31.48. The firm’s 50 day moving average is $27.17 and its two-hundred day moving average is $27.46.

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, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Wednesday, April 30th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.86%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KMI. JPMorgan Chase & Co. upped 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. Royal Bank of Canada upped their price objective 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. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Finally, Scotiabank upped their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $30.21.

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.