Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 230,287 shares of the pipeline company's stock after buying an additional 10,653 shares during the quarter. Advisors Asset Management Inc.'s holdings in Kinder Morgan were worth $6,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC purchased a new position in Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter valued at about $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at about $29,000. Finally, SRS Capital Advisors Inc. grew its stake in Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after acquiring an additional 703 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on 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 sale, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 $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. Over the last 90 days, insiders have sold 129,461 shares of company stock worth $3,490,996. Insiders own 12.64% of the company's stock.

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Kinder Morgan Stock Down 0.6 %

Shares of Kinder Morgan stock traded down $0.17 on Friday, reaching $27.90. The stock had a trading volume of 19,504,849 shares, compared to its average volume of 13,181,878. 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 $26.12. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $61.98 billion, a P/E ratio of 23.84, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. As a group, equities 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 issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is presently 98.29%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KMI shares. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research note on Monday, March 3rd. Royal Bank of Canada lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Citigroup increased 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. The Goldman Sachs Group raised 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. Finally, Morgan Stanley upped their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.64.

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.