Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 166.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,353 shares of the pipeline company's stock after buying an additional 35,789 shares during the period. Farther Finance Advisors LLC's holdings in Kinder Morgan were worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KMI. Norges Bank purchased a new stake in Kinder Morgan during the fourth quarter worth about $917,523,000. Raymond James Financial Inc. purchased a new stake in Kinder Morgan during the fourth quarter worth about $157,804,000. Blackstone Inc. boosted its holdings in Kinder Morgan by 435.0% during the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after buying an additional 3,543,670 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Kinder Morgan during the fourth quarter worth about $87,729,000. Finally, Amundi boosted its holdings in Kinder Morgan by 28.9% during the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after buying an additional 2,650,040 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMI. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. 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. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Scotiabank upped their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.21.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total transaction of $496,260.00. Following the transaction, the president now directly owns 789,652 shares in the company, valued at $21,770,705.64. This represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 54,000 shares of company stock worth $1,522,440 in the last ninety days. 12.73% of the stock is owned by insiders.

Kinder Morgan Trading Down 0.2%

KMI traded down $0.05 during trading on Friday, hitting $27.61. 13,024,872 shares of the company's stock were exchanged, compared to its average volume of 14,055,832. 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 1 year low of $19.47 and a 1 year high of $31.48. The stock has a 50 day moving average price of $27.28 and a 200 day moving average price of $27.44. The firm has a market cap of $61.34 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.24%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio is 100.86%.

About Kinder Morgan

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.