Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,892,776 shares of the pipeline company's stock after purchasing an additional 512,097 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of Kinder Morgan worth $79,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Xponance Inc. lifted its stake in shares of Kinder Morgan by 5.2% in the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock valued at $8,303,000 after purchasing an additional 15,114 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after acquiring an additional 71,984 shares in the last quarter. Golden State Equity Partners grew its position in shares of Kinder Morgan by 2,507.9% during the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after acquiring an additional 15,800 shares during the period. Royal London Asset Management Ltd. increased its stake in shares of Kinder Morgan by 2.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock valued at $62,062,000 after purchasing an additional 44,474 shares in the last quarter. Finally, Barclays PLC raised its holdings in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after purchasing an additional 2,334,273 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly 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. Over the last quarter, insiders sold 129,461 shares of company stock valued at $3,506,116. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Trading Down 1.9 %

Shares of NYSE:KMI traded down $0.47 during midday trading on Wednesday, reaching $24.74. 5,236,805 shares of the company's stock were exchanged, compared to its average volume of 13,848,943. The firm's 50 day simple moving average is $27.07 and its two-hundred day simple moving average is $26.69. 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, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $31.48. The stock has a market cap of $54.98 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 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, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.65%. Kinder Morgan's dividend payout ratio is presently 98.29%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. Citigroup lifted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.64.

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.