10,503 Shares in Kinder Morgan, Inc. (NYSE:KMI) Purchased by Petros Family Wealth LLC

Petros Family Wealth LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,503 shares of the pipeline company's stock, valued at approximately $288,000.

Other hedge funds have also made changes to their positions in the company. Xponance Inc. increased its position in Kinder Morgan by 5.2% during the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after buying an additional 15,114 shares during the last quarter. Principal Financial Group Inc. boosted its position in Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after purchasing an additional 71,984 shares during the period. Golden State Equity Partners raised its position in shares of Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after purchasing an additional 15,800 shares during the period. Royal London Asset Management Ltd. boosted its holdings in shares of Kinder Morgan by 2.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock worth $62,062,000 after buying an additional 44,474 shares during the period. Finally, 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 valued at $180,833,000 after buying an additional 2,334,273 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

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Kinder Morgan Trading Up 1.5 %

KMI traded up $0.41 during midday trading on Tuesday, hitting $27.21. 12,972,847 shares of the company were exchanged, compared to its average volume of 13,987,547. The firm has a market capitalization of $60.47 billion, a P/E ratio of 23.26, a P/E/G ratio of 3.08 and a beta of 0.72. The firm's 50 day moving average price is $26.93 and its 200-day moving average price is $26.84. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS 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 4.23%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is currently 98.29%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank of Canada lifted their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price objective for the company. Wells Fargo & Company upped their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Citigroup increased 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. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on 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 transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $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 $3,506,116. 12.64% of the stock is owned by company insiders.

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.