Barclays PLC Buys 2,334,273 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Barclays PLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 39.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,186,207 shares of the pipeline company's stock after purchasing an additional 2,334,273 shares during the period. Barclays PLC owned approximately 0.37% of Kinder Morgan worth $180,833,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the third quarter valued at approximately $28,000. Planning Capital Management Corp grew its position in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 797 shares during the period. HM Payson & Co. increased its stake in shares of Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after purchasing an additional 1,145 shares in the last quarter. Activest Wealth Management raised its holdings in Kinder Morgan by 63.0% in the 3rd quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company's stock worth $33,000 after purchasing an additional 571 shares during the period. Finally, HWG Holdings LP purchased a new position in Kinder Morgan during the second quarter valued at $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.09 during midday trading on Friday, reaching $28.20. 11,841,156 shares of the stock traded hands, compared to its average volume of 11,809,686. The company's 50 day moving average is $27.31 and its 200 day moving average is $23.79. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $28.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The stock has a market capitalization of $62.65 billion, a PE ratio of 24.74, a P/E/G ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business's quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.08%. Kinder Morgan's dividend payout ratio (DPR) is presently 100.88%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director C Park Shaper sold 690,142 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares of the company's stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 745,263 shares of company stock worth $18,578,014. 12.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays increased their price objective on shares of Kinder Morgan from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, UBS Group increased their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.67.

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.