Hexagon Capital Partners LLC Trims Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Hexagon Capital Partners LLC cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,480 shares of the pipeline company’s stock after selling 802 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Kinder Morgan were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of KMI. Norges Bank purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $917,523,000. Raymond James Financial Inc. bought a new position in Kinder Morgan in the 4th quarter worth about $157,804,000. Assenagon Asset Management S.A. raised its holdings in shares of Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company’s stock valued at $156,009,000 after acquiring an additional 3,718,521 shares in the last quarter. Blackstone Inc. boosted its position in shares of Kinder Morgan by 435.0% during the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company’s stock valued at $119,416,000 after acquiring an additional 3,543,670 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in shares of Kinder Morgan during the fourth quarter worth about $87,729,000. 62.52% of the stock is owned by institutional investors.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president directly owned 771,652 shares of the company’s stock, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on KMI. Royal Bank Of Canada lifted 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 report on Tuesday, April 29th. 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 report on Tuesday, May 6th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, June 3rd. Scotiabank raised their price target on Kinder Morgan from $26.00 to $27.00 and gave the company 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 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’s stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $30.29.

Kinder Morgan Stock Down 0.5%

KMI opened at $28.37 on Friday. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The business’s 50-day moving average price is $27.80 and its 200-day moving average price is $27.55. The company has a market cap of $63.03 billion, a P/E ratio of 24.45, a P/E/G ratio of 3.12 and a beta of 0.75.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results 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 analysts’ expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.12%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is presently 100.86%.

Kinder Morgan Company 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.