Kinder Morgan, Inc. (NYSE:KMI) Stock Position Boosted by Private Advisor Group LLC

Private Advisor Group LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,607 shares of the pipeline company's stock after purchasing an additional 15,553 shares during the quarter. Private Advisor Group LLC's holdings in Kinder Morgan were worth $5,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new position in Kinder Morgan in the fourth quarter valued at $917,523,000. Assenagon Asset Management S.A. boosted its stake in Kinder Morgan by 212.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after acquiring an additional 3,718,521 shares during the last quarter. Blackstone Inc. raised 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 worth $119,416,000 after purchasing an additional 3,543,670 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Kinder Morgan during the 4th quarter valued at $87,729,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of Kinder Morgan by 223.9% during 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 acquiring an additional 2,395,930 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the transaction, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing 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

KMI has been the topic of a number of research analyst reports. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. Stifel Nicolaus boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Scotiabank boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday. Barclays reaffirmed an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Morgan Stanley set a $34.00 target price on Kinder Morgan in a report on Monday, July 7th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.00.

Kinder Morgan Stock Down 2.7%

Shares of Kinder Morgan stock opened at $27.12 on Tuesday. The company's fifty day simple moving average is $28.00 and its two-hundred day simple moving average is $27.60. Kinder Morgan, Inc. has a 12-month low of $19.68 and a 12-month high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.35 and a debt-to-equity ratio of 0.99. The company has a market cap of $60.25 billion, a P/E ratio of 22.23, a PEG ratio of 3.54 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.31%. Kinder Morgan's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.