Royal London Asset Management Ltd. Grows Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Royal London Asset Management Ltd. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,265,044 shares of the pipeline company's stock after acquiring an additional 44,474 shares during the period. Royal London Asset Management Ltd. owned 0.10% of Kinder Morgan worth $62,062,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan in the 4th quarter valued at about $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $29,000. Finally, SRS Capital Advisors Inc. raised its stake in Kinder Morgan by 178.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 703 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. 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. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Royal Bank of Canada raised 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, March 3rd. Finally, UBS Group boosted their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $29.64.

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Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was 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 owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Up 0.3 %

Shares of Kinder Morgan stock traded up $0.09 during trading on Tuesday, reaching $28.80. 11,388,563 shares of the company traded hands, compared to its average volume of 13,175,907. The firm has a market capitalization of $63.99 billion, a PE ratio of 24.62, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48. The company has a 50 day moving average price of $27.57 and a 200-day moving average price of $26.21. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data 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 17.31% and a return on equity of 8.09%. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio is currently 98.29%.

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.