Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 198.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,134 shares of the pipeline company's stock after buying an additional 64,541 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Kinder Morgan were worth $2,771,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $917,523,000. Assenagon Asset Management S.A. raised its stake in shares of Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after purchasing an additional 3,718,521 shares in the last quarter. Blackstone Inc. raised its stake in shares of 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 purchasing an additional 3,543,670 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $87,729,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of Kinder Morgan by 223.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company's stock valued at $94,968,000 after purchasing an additional 2,395,930 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. TD Cowen began coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Scotiabank increased their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Royal Bank Of Canada increased their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus increased their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and an average target price of $31.00.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.51 on Thursday, hitting $27.32. The stock had a trading volume of 9,239,225 shares, compared to its average volume of 14,320,101. The company's 50-day moving average is $27.97 and its two-hundred day moving average is $27.58. The company has a quick ratio of 0.35, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market cap of $60.71 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 3.42 and a beta of 0.75. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business's revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

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.