Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Rollins Financial Advisors LLC

Rollins Financial Advisors LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,298 shares of the pipeline company's stock after purchasing an additional 34,893 shares during the quarter. Kinder Morgan accounts for approximately 0.8% of Rollins Financial Advisors LLC's investment portfolio, making the stock its 23rd largest holding. Rollins Financial Advisors LLC's holdings in Kinder Morgan were worth $5,050,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KMI. Norges Bank purchased a new position in shares of Kinder Morgan during the fourth quarter worth approximately $917,523,000. Raymond James Financial Inc. bought a new stake in Kinder Morgan during the 4th quarter valued at $157,804,000. Artisan Partners Limited Partnership purchased a new stake in shares of Kinder Morgan in the 4th quarter worth $87,729,000. Amundi grew its position in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after buying an additional 2,650,040 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Kinder Morgan by 223.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company's stock valued at $94,968,000 after acquiring an additional 2,395,930 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock traded up $0.64 on Friday, hitting $26.43. The company had a trading volume of 15,768,232 shares, compared to its average volume of 13,987,237. The firm has a market cap of $58.73 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48. The company has a 50-day moving average price of $26.95 and a 200-day moving average price of $26.80. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

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Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 4.35%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's payout ratio is presently 98.29%.

Wall Street Analysts Forecast Growth

KMI has been the subject of several recent research reports. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Morgan Stanley raised their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 target price for the company. Finally, UBS Group raised their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $29.64.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This 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 the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the 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 sale, the president now owns 843,652 shares of the company's stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,506,116 over the last ninety days. Corporate insiders own 12.64% of the company's stock.

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.