Sonora Investment Management Group LLC Acquires 10,492 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Sonora Investment Management Group LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 254,642 shares of the pipeline company's stock after buying an additional 10,492 shares during the period. Sonora Investment Management Group LLC's holdings in Kinder Morgan were worth $6,977,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMI. Barclays PLC increased its position in Kinder Morgan by 39.9% during the third 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 last quarter. National Bank of Canada FI increased its position in shares of Kinder Morgan by 295.5% in the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock worth $64,879,000 after acquiring an additional 2,194,489 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Kinder Morgan by 1,849.7% in the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company's stock worth $47,817,000 after acquiring an additional 2,053,612 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Kinder Morgan by 295.2% in the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company's stock worth $37,185,000 after acquiring an additional 1,257,428 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Kinder Morgan by 30.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company's stock worth $88,534,000 after acquiring an additional 932,469 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 over the last ninety days. 12.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

KMI has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price target on the stock. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target on the stock. Finally, Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.14.

Kinder Morgan Stock Down 1.8 %

Shares of KMI stock traded down $0.52 during trading on Friday, hitting $27.59. 9,834,706 shares of the company were exchanged, compared to its average volume of 16,339,484. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The firm has a market capitalization of $61.28 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 3.10 and a beta of 0.94. The business's 50-day simple moving average is $27.99 and its 200 day simple moving average is $24.65. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 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, analysts forecast that Kinder Morgan, Inc. will post 1.28 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

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.