Allworth Financial LP Increases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Allworth Financial LP increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 78.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,485 shares of the pipeline company's stock after acquiring an additional 30,131 shares during the period. Allworth Financial LP's holdings in Kinder Morgan were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kayne Anderson Capital Advisors LP increased its holdings in 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 worth $233,050,000 after acquiring an additional 69,307 shares during the period. Barclays PLC grew its stake in Kinder Morgan by 39.9% in the 3rd 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 grew its stake in Kinder Morgan by 2.2% in the 3rd 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Kinder Morgan by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock worth $101,422,000 after buying an additional 29,861 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Kinder Morgan by 30.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company's stock worth $88,534,000 after buying an additional 932,469 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Scotiabank began 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 objective for the company. Citigroup upped their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.14.

Kinder Morgan Trading Down 0.7 %

NYSE KMI traded down $0.19 during trading on Friday, hitting $26.41. The company had a trading volume of 21,468,445 shares, compared to its average volume of 15,875,047. 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 one year low of $17.02 and a one year high of $31.48. The company has a market cap of $58.67 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 3.11 and a beta of 0.94. The company's fifty day moving average is $27.78 and its 200-day moving average is $25.26.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 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%. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.36%. Kinder Morgan's payout ratio is 98.29%.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm'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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now owns 879,652 shares of the company's stock, valued at approximately $24,049,685.68. This represents a 2.01 % 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 $3,504,136 in the last three months. 12.64% of the stock is owned by corporate insiders.

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.