Benjamin Edwards Inc. Has $11.60 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Benjamin Edwards Inc. increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 423,321 shares of the pipeline company's stock after buying an additional 25,989 shares during the quarter. Benjamin Edwards Inc.'s holdings in Kinder Morgan were worth $11,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted 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 valued at $180,833,000 after purchasing an additional 2,334,273 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $826,000. Wilmington Savings Fund Society FSB acquired a new position in Kinder Morgan during the third quarter worth $386,000. Franklin Resources Inc. increased its holdings in Kinder Morgan by 44.0% during the third quarter. Franklin Resources Inc. now owns 1,142,956 shares of the pipeline company's stock worth $25,248,000 after buying an additional 349,158 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Kinder Morgan by 3.2% during the third 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. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares of the company's stock, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction that occurred 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 $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,503,776 over the last three months. 12.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research analyst reports. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a report on Monday, March 3rd. Scotiabank raised their price objective on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Monday, April 21st. Royal Bank of Canada boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Citigroup raised their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Seven 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. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus price target of $29.79.

Kinder Morgan Price Performance

NYSE:KMI traded down $0.58 during trading hours on Thursday, reaching $27.05. 14,763,939 shares of the company were exchanged, compared to its average volume of 13,973,375. The company has a market capitalization of $60.10 billion, a P/E ratio of 23.12, a P/E/G ratio of 3.08 and a beta of 0.74. 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 business has a 50 day moving average of $27.01 and a 200 day moving average of $27.15. Kinder Morgan, Inc. has a 1-year low of $18.81 and a 1-year high of $31.48.

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

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.33%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

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.