Integrated Advisors Network LLC Makes New $268,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Integrated Advisors Network LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,765 shares of the pipeline company's stock, valued at approximately $268,000.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new stake in Kinder Morgan in the 4th quarter worth about $917,523,000. Raymond James Financial Inc. bought a new position in Kinder Morgan in the 4th quarter worth approximately $157,804,000. Blackstone Inc. grew its stake in Kinder Morgan by 435.0% in the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after buying an additional 3,543,670 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $87,729,000. Finally, Amundi raised its stake in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock valued at $334,381,000 after purchasing an additional 2,650,040 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

Shares of KMI traded up $0.11 during midday trading on Friday, reaching $28.03. The stock had a trading volume of 15,718,257 shares, compared to its average volume of 14,021,334. The company's 50-day moving average is $27.19 and its 200 day moving average is $27.43. Kinder Morgan, Inc. has a 12-month low of $18.99 and a 12-month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $62.28 billion, a price-to-earnings ratio of 23.96, 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 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. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the transaction, the president now directly owns 807,652 shares of the company's stock, valued at approximately $23,219,995. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 54,000 shares of company stock worth $1,492,740. 12.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on KMI. Scotiabank lifted their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Finally, Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a research report on Monday, March 3rd. Seven investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.79.

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.