Myriad Asset Management US LP Takes $1.06 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Myriad Asset Management US LP bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 38,535 shares of the pipeline company's stock, valued at approximately $1,056,000.

A number of other institutional investors have also made changes to their positions in the business. Kayne Anderson Capital Advisors LP increased its holdings 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 worth $233,050,000 after acquiring an additional 69,307 shares during the last quarter. Barclays PLC boosted 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 valued at $180,833,000 after purchasing an additional 2,334,273 shares during the period. Bank of Montreal Can boosted 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 valued at $163,116,000 after purchasing an additional 164,152 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted 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 valued at $101,422,000 after purchasing an additional 29,861 shares during the period. Finally, Assenagon Asset Management S.A. boosted 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 valued at $88,534,000 after purchasing an additional 932,469 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's 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 of the company's stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 54,000 shares of company stock valued at $1,493,100 in the last 90 days. Corporate insiders own 12.64% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.22 on Tuesday, hitting $26.77. 12,555,070 shares of the company's stock were exchanged, compared to its average volume of 15,920,192. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 12 month low of $17.00 and a 12 month high of $31.48. The stock has a market cap of $59.48 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The company has a 50 day moving average of $27.79 and a 200 day moving average of $25.19.

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 return on equity of 8.09% and a net margin of 17.31%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

The company 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 $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.30%. Kinder Morgan's payout ratio is presently 98.29%.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Royal Bank of Canada boosted their price target on Kinder Morgan from $24.00 to $26.00 and gave the company 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 company a "neutral" rating in a research note on Wednesday, January 29th. Barclays boosted their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Finally, Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.14.

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.