Jennison Associates LLC Boosts Position in Kinder Morgan, Inc. (NYSE:KMI)

Jennison Associates LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 847.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,475,187 shares of the pipeline company's stock after purchasing an additional 1,319,474 shares during the period. Jennison Associates LLC owned about 0.07% of Kinder Morgan worth $40,420,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Czech National Bank lifted its position in shares of Kinder Morgan by 6.9% during the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company's stock valued at $8,689,000 after buying an additional 25,406 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Kinder Morgan by 34.1% during the third quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company's stock valued at $602,000 after purchasing an additional 6,932 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Kinder Morgan in the third quarter valued at about $467,000. Ignite Planners LLC purchased a new stake in shares of Kinder Morgan during the third quarter worth about $213,000. Finally, Atomi Financial Group Inc. raised its position in shares of Kinder Morgan by 8.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 64,838 shares of the pipeline company's stock worth $1,432,000 after purchasing an additional 5,080 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.81% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Up 0.5 %

NYSE KMI traded up $0.14 on Wednesday, reaching $27.64. The stock had a trading volume of 12,066,618 shares, compared to its average volume of 16,351,680. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48. The stock has a fifty day moving average price of $27.95 and a two-hundred day moving average price of $24.85. The firm has a market capitalization of $61.41 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 3.12 and a beta of 0.94. The company has a quick ratio of 0.35, 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 earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.28 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.16%. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Analyst Ratings Changes

KMI has been the subject of several research reports. Royal Bank of Canada boosted 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. Citigroup boosted their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price for the company. Finally, Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.14.

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.