Caxton Associates LP Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Caxton Associates LP acquired a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 374,906 shares of the pipeline company's stock, valued at approximately $10,272,000.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its position 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 last quarter. World Investment Advisors LLC bought a new stake in shares of Kinder Morgan in the third quarter valued at about $826,000. Wilmington Savings Fund Society FSB acquired a new stake in Kinder Morgan during the third quarter worth about $386,000. Franklin Resources Inc. increased its stake 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 valued at $25,248,000 after acquiring an additional 349,158 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $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.

Kinder Morgan Trading Up 1.0 %

KMI traded up $0.28 during mid-day trading on Friday, reaching $27.32. The stock had a trading volume of 8,832,253 shares, compared to its average volume of 14,869,066. The stock has a market capitalization of $60.71 billion, a P/E ratio of 23.35, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 52 week low of $18.83 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm's fifty day simple moving average is $27.01 and its two-hundred day simple moving average is $27.16.

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

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.28%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction dated 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 sale, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now owns 807,652 shares of the company's stock, valued at $23,219,995. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock worth $3,503,776. 12.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMI has been the subject of a number of recent research reports. Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Scotiabank increased their price objective on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday, April 21st. Barclays upgraded 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 research report on Monday, March 3rd. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus target price of $29.79.

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.