SL Advisors LLC Sells 8,319 Shares of Kinder Morgan, Inc. (NYSE:KMI)

SL Advisors LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,561 shares of the pipeline company’s stock after selling 8,319 shares during the quarter. Kinder Morgan accounts for 2.0% of SL Advisors LLC’s portfolio, making the stock its 14th largest position. SL Advisors LLC’s holdings in Kinder Morgan were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KMI. Fairfield Bush & CO. bought a new stake in Kinder Morgan in the 1st quarter valued at $93,000. American Century Companies Inc. increased its stake in Kinder Morgan by 12.3% in the 1st quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock valued at $1,739,000 after buying an additional 10,079 shares during the last quarter. Acadian Asset Management LLC increased its stake in Kinder Morgan by 48,564.7% in the 1st quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock valued at $156,000 after buying an additional 8,256 shares during the last quarter. Synovus Financial Corp increased its stake in Kinder Morgan by 1.6% in the 1st quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock valued at $1,705,000 after buying an additional 1,408 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Kinder Morgan in the 1st quarter valued at $263,000. 62.33% of the stock is owned by institutional investors.

Kinder Morgan Stock Up 0.2 %

Kinder Morgan stock opened at $17.60 on Friday. The firm has a market capitalization of $39.06 billion, a PE ratio of 16.45, a P/E/G ratio of 5.05 and a beta of 0.90. The company’s 50-day moving average is $17.33 and its 200-day moving average is $17.16. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the company posted $0.31 EPS. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.42%. Kinder Morgan’s dividend payout ratio (DPR) is currently 105.61%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and a consensus target price of $20.25.

Get Our Latest Stock Report on KMI

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 7,500 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the transaction, the vice president now owns 3,219 shares in the company, valued at approximately $57,942. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 12.64% of the stock is owned by company insiders.

Kinder Morgan Company Profile

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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