Kinder Morgan, Inc. (NYSE:KMI) Stock Position Raised by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 52.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 167,092 shares of the pipeline company's stock after buying an additional 57,639 shares during the quarter. Jones Financial Companies Lllp's holdings in Kinder Morgan were worth $4,578,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in Kinder Morgan by 8.6% during the 4th 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 purchasing an additional 1,093,242 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company's stock valued at $233,050,000 after buying 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 buying an additional 2,334,273 shares in the last quarter. Bank of Montreal Can increased its stake in shares of 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 worth $163,116,000 after buying an additional 164,152 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock valued at $101,422,000 after acquiring an additional 29,861 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KMI shares. Scotiabank began 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. Royal Bank of Canada upped their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Monday. The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Citigroup upped their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.64.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's 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 transaction, the president now owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction on 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 sale, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,461 shares of company stock valued at $3,012,016 over the last three months. Company insiders own 12.64% of the company's stock.

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.45 during midday trading on Thursday, reaching $26.29. 7,310,852 shares of the stock traded hands, compared to its average volume of 15,492,131. The firm has a fifty day moving average price of $27.75 and a two-hundred day moving average price of $25.65. The firm has a market cap of $58.40 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $17.45 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.38%. Kinder Morgan's dividend payout ratio is currently 98.29%.

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.