Diversify Advisory Services LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Diversify Advisory Services LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,894 shares of the pipeline company's stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMI. Duquesne Family Office LLC increased its position in Kinder Morgan by 74.0% during the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock worth $134,185,000 after purchasing an additional 2,872,665 shares during the last quarter. Barclays PLC grew its stake in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after buying an additional 2,334,273 shares during the period. National Bank of Canada FI increased its holdings in shares of Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock worth $64,879,000 after buying an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company's stock worth $47,817,000 after buying an additional 2,053,612 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of Kinder Morgan by 295.2% during the 3rd quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company's stock valued at $37,185,000 after acquiring an additional 1,257,428 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Buying and Selling

In related news, Director Amy W. Chronis acquired 2,241 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company's stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 over the last ninety days. 12.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Royal Bank of Canada raised their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. UBS Group upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Finally, Scotiabank assumed coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $28.92.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded down $0.28 on Thursday, reaching $30.50. 22,000,448 shares of the company traded hands, compared to its average volume of 15,153,539. 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 $67.77 billion, a PE ratio of 26.76, a P/E/G ratio of 4.18 and a beta of 0.94. The company's 50 day moving average is $27.90 and its 200-day moving average is $24.32. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.77%. Kinder Morgan's payout ratio is 100.88%.

Kinder Morgan 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.