Kinder Morgan, Inc. (NYSE:KMI) Position Boosted by Independent Advisor Alliance

Independent Advisor Alliance raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,020 shares of the pipeline company's stock after acquiring an additional 25,440 shares during the quarter. Independent Advisor Alliance's holdings in Kinder Morgan were worth $2,905,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KMI. Bank of New York Mellon Corp lifted its position in Kinder Morgan by 8.6% in the fourth quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company's stock valued at $376,332,000 after acquiring an additional 1,093,242 shares during the last quarter. Amundi boosted its holdings in shares of Kinder Morgan by 28.9% in the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock valued at $334,381,000 after acquiring an additional 2,650,040 shares during the period. Kayne Anderson Capital Advisors LP grew its position in shares of Kinder Morgan by 0.7% during the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company's stock worth $233,050,000 after acquiring an additional 69,307 shares during the last quarter. Barclays PLC grew its position in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Kinder Morgan by 2.2% in the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company's stock valued at $163,116,000 after purchasing an additional 164,152 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

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Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company's stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,490,996 over the last ninety days. 12.64% of the stock is owned by company insiders.

Kinder Morgan Trading Up 2.1 %

Shares of NYSE:KMI traded up $0.57 during midday trading on Friday, reaching $27.11. The company's stock had a trading volume of 8,632,338 shares, compared to its average volume of 13,237,221. The business has a 50 day moving average price of $27.60 and a 200 day moving average price of $25.90. Kinder Morgan, Inc. has a 1 year low of $17.52 and a 1 year high of $31.48. The firm has a market cap of $60.23 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

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 analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.24%. Kinder Morgan's dividend payout ratio (DPR) is 98.29%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group boosted their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. The Goldman Sachs Group lifted their target price 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. Mizuho increased their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Finally, Citigroup upped their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $29.64.

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.