Waddell & Associates LLC Invests $431,000 in Kinder Morgan, Inc. (NYSE:KMI)

Waddell & Associates LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,746 shares of the pipeline company's stock, valued at approximately $431,000.

Other large investors have also recently bought and sold shares of the company. Faithward Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at $228,000. APG Asset Management N.V. raised its stake in Kinder Morgan by 21.1% during the fourth quarter. APG Asset Management N.V. now owns 731,565 shares of the pipeline company's stock worth $19,358,000 after buying an additional 127,565 shares during the last quarter. Advisory Services Network LLC lifted its stake in Kinder Morgan by 0.4% in the fourth quarter. Advisory Services Network LLC now owns 112,904 shares of the pipeline company's stock valued at $3,094,000 after buying an additional 500 shares during the period. Applied Finance Capital Management LLC grew its stake in shares of Kinder Morgan by 538.0% in the 4th quarter. Applied Finance Capital Management LLC now owns 35,543 shares of the pipeline company's stock valued at $974,000 after buying an additional 29,972 shares during the period. Finally, Bank of Nova Scotia grew its position in Kinder Morgan by 350.9% in the 4th quarter. Bank of Nova Scotia now owns 1,298,734 shares of the pipeline company's stock valued at $35,585,000 after purchasing an additional 1,010,716 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KMI shares. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada upped their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Mizuho upped their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Finally, UBS Group upped their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

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Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock valued at $3,506,116. Insiders own 12.64% of the company's stock.

Kinder Morgan Stock Up 1.0 %

NYSE:KMI traded up $0.26 during mid-day trading on Monday, hitting $26.73. 3,431,791 shares of the company's stock were exchanged, compared to its average volume of 13,946,503. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a market cap of $59.40 billion, a PE ratio of 22.85, a P/E/G ratio of 3.08 and a beta of 0.72. The business has a fifty day moving average price of $26.95 and a 200 day moving average price of $26.80. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its 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%. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed 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 4.30%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's payout ratio is 98.29%.

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.