Stifel Financial Corp Purchases 46,594 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Stifel Financial Corp raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,323,552 shares of the pipeline company's stock after purchasing an additional 46,594 shares during the quarter. Stifel Financial Corp owned 0.10% of Kinder Morgan worth $63,665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at about $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $25,000. Hurley Capital LLC bought a new stake in Kinder Morgan during the fourth quarter valued at about $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KMI. Scotiabank boosted their price target on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. 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. Citigroup lifted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Seven equities research 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 MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company's 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 completion of the transaction, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company's stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,461 shares of company stock worth $3,506,116. Company insiders own 12.73% of the company's stock.

Kinder Morgan Trading Down 0.1 %

Shares of KMI stock traded down $0.02 on Friday, reaching $26.85. The company had a trading volume of 9,264,214 shares, compared to its average volume of 13,943,635. The stock has a market cap of $59.66 billion, a PE ratio of 22.95, a PEG ratio of 3.08 and a beta of 0.72. The company has a 50-day moving average of $26.94 and a 200-day moving average of $26.99. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12 month low of $18.13 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is 100.86%.

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.