Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Allen Capital Group LLC

Allen Capital Group LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 232,507 shares of the pipeline company's stock after purchasing an additional 25,272 shares during the quarter. Allen Capital Group LLC's holdings in Kinder Morgan were worth $6,633,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of KMI. Brighton Jones LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $308,000. Proficio Capital Partners LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $4,176,000. Natixis Advisors LLC increased its stake in shares of Kinder Morgan by 16.8% during the fourth quarter. Natixis Advisors LLC now owns 738,280 shares of the pipeline company's stock worth $20,229,000 after acquiring an additional 106,379 shares during the period. Harbour Investments Inc. increased its stake in shares of Kinder Morgan by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 23,845 shares of the pipeline company's stock worth $653,000 after acquiring an additional 794 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Kinder Morgan by 111.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,440 shares of the pipeline company's stock worth $149,000 after acquiring an additional 2,864 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president owned 771,652 shares of the company's stock, valued at $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Royal Bank Of Canada upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Finally, Barclays reaffirmed an "overweight" rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and an average target price of $30.47.

Kinder Morgan Trading Down 1.5%

NYSE:KMI traded down $0.41 during trading hours on Thursday, reaching $27.50. 24,691,049 shares of the company were exchanged, compared to its average volume of 14,239,916. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The firm has a market cap of $61.10 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 3.01 and a beta of 0.75. Kinder Morgan, Inc. has a 52-week low of $19.68 and a 52-week high of $31.48. The stock has a 50 day simple moving average of $27.98 and a 200 day simple moving average of $27.60.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. Kinder Morgan's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

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.